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Question 4 [5 points] Weber Inc. showed the following equity information as at December 31, 2014. a. The preferred shares had sold for an average price of $8. b. The common shares had sold for an average price of $5. c. Retained Earnings at December 31, 2013, was $420,000. During 2014, net income earned was $450,000. The board of directors declared a total cash dividend of $105,000. Use this information to complete the equity section of the balance sheet. Weber Inc. Equity Section of the Balance Sheet December 31, 2014 Contributed capital: Preferred shares, $2.00 non-cumulative; 550,000 shares authorized; 285,000 shares issued and outstanding Common shares, unlimited shares authorized; shares issued and outstanding Total contributed capital Retained eamings Total equity 4,045,000