Question 4 [5 points] Holden Corp. showed the following equity information as at December 31, 2014 a. The preferred shares had sold for an average price of $15. b. The common shares had sold for an average price of $7 c. Retained Earnings at December 31, 2013, was $450,000 During 2014, net income earned was $400,000. The board of directors declared a total cash dividend of $180,000. Use this information to complete the equity section of the balance sheet Holden Corp. Equity Section of the Balance Sheet December 31, 2014 Contributed capital Preferred shares, $2.00 non-cumulative, 600,000 shares authorized 85,000 shares issued and outstanding Common shares, unlimited shares authorized shares issued and outstanding Total contributed capital Retained earnings Total equity 3,550 000 thorized to