Question 1 (2 points) When a partner leaves a partnership, the partnership ends, but the business can still continue to operate. True False 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, 45000 shares issued and outstanding A Preferred shares, $3.00 non-cumulative, unlimited shares authorized, B Shares issued and outstanding $2,280,000 Common shares, unlimited shares authorized, 265000 shares issued and outstanding C Total contributed capital D Retained earnings E Total Equity