Prepare the equity section of the balance sheet as of December 31, 2018, for The Candy Jar

Preparing the Equity Section and Recording Dividends In 2015, Lee Ann Adams and some college friends organized The Candy Jar, a gourmet candy company. In 2015, The Candy Jar issued 150,000 of the 300,000 authorized shares of common stock, par value $22, for $3,300,000 and all the 60,000 authorized shares of 10%, $23 par, cumulative preferred stock for $1,380,000. Combined earnings for 2015, 2016, 2017, and 2018 amounted to $1,200,000. Dividends paid in the four years were as follows: 2015-$120,000; 2016-$360,000; 2017$0; 2018-$180,000. Required: 1. Prepare the equity section of the balance sheet as of December 31, 2018, for The Candy Jar. The Candy Jar Partial Balance Sheet December 31, 2018 Equity Contributed Capital: Preferred Stock $ Common Stock Paid-In Capital in Excess of Par, Preferred Stock Paid-In Capital in Excess of Par, Common Stock Total Contributed Capital $ Retained Earnings Total Equity