Using the information from the Rainchief Energy Inc below, Calculate and answer the questions. Rainchief Energy Inc. Equity section of the balance sheet October 31, 2020 Contributed capital: Preferred shares, $4.80 cumulative, unlimited shares authorized, A 45000 shares issued and outstanding Preferred shares, $3.00 non-cumulative, unlimited shares authorized, B Shares issued and outstanding $2,280,000 Common shares, unlimited shares authorized, C 265000 shares issued and outstanding D Total contributed capital E Retained earnings F Total Equity Question 10 (2 points) Reporting procedures are the same for private and public corporations. True False