The balance sheet for the Techno Corporation, provincially incorporated in 2009, reported the following components of shareholders' equity on December 31, 2010. Techno Corporation Shareholders' Equity December 31, 2010 Contributed capital: Preferred shares, $1.50 cumulative, unlimited shares authorized; 20,000 shares issued and outstanding 280,000 Common shares, unlimited shares authorized; 75,000 shares issued and outstanding. 525,000 Total contributed capital 805,000 Retained earnings 270,000 Total shareholders' equity $1,075,000