Question 2 [5 points]

Segura Corporation showed the following equity information as at December 31, 2014.

Question 2 [5 points] Segura Corporation showed the following equity information as at December 31, 2014. a. The preferred shares had sold for an average price of $19. b. The common shares had sold for an average price of $8. c. Retained Earnings at December 31, 2013, was $250,000. During 2014, net income earned was $550,000. The board of directors declared a total cash dividend of $105,000. Use this information to complete the equity section of the balance sheet. Segura Corporation Equity Section of the Balance Sheet December 31, 2014 Contributed capital: Preferred shares, $3.00 non-cumulative; 300,000 shares authorized; shares issued and outstanding, Common shares; unlimited shares authorized; 175,000 shares issued and outstanding. Total contributed capital. Retained earnings... Total equity. 3,805,000