Stake Technology Inc. showed the following equity information as at December 31, 2014.

The preferred shares had sold for an average price of $19.

The common shares had sold for an average price of $9.

Retained Earnings at December 31, 2013, was $420,000. During 2014, net income earned was $500,000. The board of directors declared a total cash dividend of $130,000.

Use this information to complete the equity section of the balance sheet.