I. The shareholders'equity of Kingston Investments Limited consists of the following: Common Stock Authorized, 5000 shares; no par value; issued and fully paid , 5000 shares: book value of issued shares, 54260 Preferred Stock 6% cumulative preferred; par value 25 ; authorized, issued, and fully paid; 20000 shares Retained Earnings 157206 Prepare the Shareholders Equity section of the balance sheet.

**Kingston Investments Limited****Shareholders' Equity****As of [Date]****Common Stock:**Authorized: 5,000 shares, no par valueIssued and fully paid: 5,000 shares 25 par valueAuthorized, issued, and fully paid: 20,000 shares(20,000 shares * 500,000**Retained Earnings:** 711,466**