The equity section of the December $31,2022,$ balance sheet for Delicious Alternative Desserts Inc. showed the following:

Delicious Alternative Desserts Inc.

Equity Section of the Balance Sheet

December $31,2022$

Contributed capital:

Preferred shares, $$0\mathrm{.}40$ cumulative; $80,000$ shares authorized;

$55,000$ shares issued and outstanding

Common shares; $250,000$ shares authorized; $115,000$ shares issued and outstanding

Total contributed capital

Retained earnings

Total equity

$\backslash$table$[[$$$220,000$