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Exercise 13-5 Share dividend, share split, equity section of balance sheet LOI CarFind Inc. showed the following equity information at December 31, 2019. Common shares, unlimited shares authorized; 6,000,000 shares issued and outstanding Retained earnings $1,252,500 1,452,500 On April 1, 2020, 400,000 common shares were issued at $0.90 per share on June 1, the board of directors declared a 10% 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 $2.58, 52.06, and $2 36, respectively. On December 11, the board of directors declared a 21 share split to shareholders of record on December 15; the distribution date was December 20. Profit earned during the year was $1,547,500 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 Total equity 0