$ Shareholders' Equity Contributed capital Preferred shares, $2.00, noncumulative 13,000 shares authorized, 4,200 shares issued and outstanding Common shares, unlimited shares authorized, 172,000 shares issued and outstanding Total contributed capital Retained earnings 210,000 2,408,000 2,618,000 627,300 Total shareholders' equity 3,245,300 Feb. 6 Declared the required annual cash dividend on preferred shares and a $0.23 per share cash dividend on the common shares. 26 Paid the cash dividend that was declared on February 6. Jun. 4 Purchased 8,000 of its own common shares for $16.75 per share. Jul. 5 Distributed a 2-for-1 stock split on the common shares. The net loss for the year was $75,000. The shareholders' equity of Lane Management Corp. as of January 1, 2020, follows: (Click the icon to view the shareholders' equity at the end of 2020.) Lane Management Corp. completed the following transactions during 2020: (Click on the icon to view the transactions.) Required Prepare the shareholders' equity section of the balance sheet of Lane Management Corp. as of December 31, 2020. Do not prepare journal entries for the above transactions. Prepare the shareholders' equity section for the balance sheet for Lane Management Corp. as of December 31, 2020. Shareholders' Equity Contributed capital Preferred shares, $2.00 noncumulative 13,000 shares authorized, 4,200 shares issued and outstanding shares issued and outstanding Common shares, unlimited shares authorized, Total contributed capital Retained earnings Total shareholders' equity