Question 5 [5 points) Volor inc showed the following equity information as at December 31, 2014 a The preferred shares had sold for an average price of $9 b. The common shares had sold for an average price of $5 c Retained Earnings at December 31, 2013 was $450,000 During 2014, net income earned was $450,000 The board of directors declared a total cash dividend of $155.000 Use this information to completo the equity section of the balance sheet Velor Inc Equity Section of the Balance Sheet December 31, 2014 Contributed capital Preferred states $2.00 non-cumulative 600.000 shares authorized shares issued and outstanding Common shares unlimited shares authorized, 375,000 shares issued and outstanding Total contnbuted capital Retained earnings 4 015 000 Total equity