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The Shareholders' Equity of Saturn Corporation as of December 31,2013,follows

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The shareholders' equity of Saturn Corporation as of December 31,2013,follows:
 Preferred shares, $4, noncumulative 20,000 shares authorized, 4,000 shares issued$200,000 Common shares, unlimited shares authorized,100,000 shares issued 1,000,000 Total contributed capital 1,200,000 Retained earnings 616,900 Total shareholders’equity $1,816,900\begin{array}{ll} \text { Preferred shares, \( \$ 4 \), noncumulative 20,000 shares}\\ \text { authorized, 4,000 shares issued}&\$ 200,000\\ \text { Common shares, unlimited shares authorized,}\\100,000 \text { shares issued } & \underline{1,000,000} \\\text { Total contributed capital } & 1,200,000 \\\text { Retained earnings } & \underline{616,900} \\\text { Total shareholders'equity } & \$ 1,816,900\end{array} Saturn Corporation completed the following transactions during 2014:
Feb. 6 \quad Declared the required antutal cash dividend on preferred shares and a $0.20 \$ 0.20 per share cash dividend on the common shares.
26 \quad\quad Paid the cash dividend that was declared on February 6.
Jurn, 4 \quad Purchased 4,000 of its own common shares for $15.25 \$ 15.25 per share.
Iul. 5 \quad Distributed a 2-for-1 stock split on the common shares.
Dec. 31 \quad Closed out the income summary account with a debit balance of 48,000 . Prepare the shareholders' equity section of the balance sheet of Saturn Corporation as of December 31,2014.Do not prepare journal entries for the above transactions.

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