CarFind Inc. showed the following equity information at December 31, 2019. Common shares, anlimited shares authorized; 5,300,000 shares issued and outstanding Retained earnings $1,075,000 1,520,000 On April 1, 2020, 330,000 common shares were issued at $0.80 per share. On June 1, the board of directors declared a 5% share dividend to shareholders of record on June 15; the distribution date was July 1. The market prices of the shares on June 1, June 15, and July 1 were $2.88, $1.96, and $2.36, respectively. On December 11, the board of directors declared a 2:1 share split to shareholders of record on December 15; the distribution date was December 20. Profit earned during the year was $1,462,500. 4 Required: Prepare the company's equity section on the December 31, 2020, balance sheet. CARFIND INC. Equity Section of Balance Sheet December 31, 2020 Contributed capital