Question 4 [5 points) Southgate in showed the following equity information as at December 31, 2014 The preferred shares had sold for an average price of $16 The common shares had sold for an average price of 58 c Retained Earnings at December 31, 2013 was $200,000. During 2014, net income earned was $300.000. The board of directors declared a total cash dividend of $110.000 Use this information to complete the equity section of the balance sheet Southgate to Equity Section of the Balance Sheet December 31, 2014 Contributed capital Preferred shares $250 non-cumulative 500.000 shares authonzed. 205 000 shares issued and outstanding Common shares, unlimited shares authorized shares issued and outstanding Total contributed capital Retained earnings Total equity 4,680,000