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CarFind Inc. showed the following equity information at December 31, 2019. Common shares, unlimited shares authorized; $ 1,115,000 4,500,000 shares issued and outstanding Retained earnings 1,322,500 On April 1, 2020, 250,000 common shares were issued at $0.80 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 $2.98, $1.96, and $2.56, 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 $1,505,000. Required: Prepare the company's equity section on the December 31, 2020, balance sheet