Preparing the Equity Section and Recording Dividends In 2015, Lee Ann Adams and some college friends organized The Candy Jar, a gourmet candy company. In 2015, The Candy Jar issued 150,000 of the 300,000 authorized shares of common stock, par value $22, for $3,300,000 and all the 60,000 authorized shares of 10%, $23 par, cumulative preferred stock for $1,380,000. Combined earnings for 2015, 2016, 2017, and 2018 amounted to $1,200,000. Dividends paid in the four years were as follows: 2015-$120,000; 2016-$360,000; 2017$0; 2018-$180,000. Required: 1. Prepare the equity section of the balance sheet as of December 31, 2018, for The Candy Jar. The Candy Jar Partial Balance Sheet December 31, 2018 Equity Contributed Capital: Preferred Stock $ Common Stock Paid-In Capital in Excess of Par, Preferred Stock Paid-In Capital in Excess of Par, Common Stock Total Contributed Capital $ Retained Earnings Total Equity