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Stake Technology Inc. had the following balances in its equity accounts at December 31, 2014: Common shares, unlimited shares authorized, 137,000 shares issued, and outstanding

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Stake Technology Inc. had the following balances in its equity accounts at December 31, 2014: Common shares, unlimited shares authorized, 137,000 shares issued, and outstanding $2,603,000 Retained earnings $255,000 During 2015, the board of directors declared a 2:1 share split. Prepare the company's equity section at December 31, 2015 assuming a net income of $26,000. Stake Technology Inc. Equity Section of Balance Sheet December 31, 2015 Contributed Capital Common shares, unlimited shares authorized; shares issued and outstanding Retained Earnings Total Equity

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