The shareholders' equity section of Sundberg Corporation's statement of financial position at December 31 is presented here. SUNDBERG CORPORATION Statement of Financial Position (partial) Shareholders' equity Contributed capital $4 Preferred shares, cumulative, 8,000 authorized, 8,000 shares issued $760,000 Common shares, 780,000 authorized, 520,000 shares issued 2,184,000 Contributed surplus 84,000 Total contributed capital 3,028,000 Retained earnings 1,145,000 Total shareholders' equity $4,173,000