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**<br /><br />**Shareholders' Equity**<br /><br />**As of [Date]**<br /><br /><br />**Common Stock:**<br /><br />Authorized: 5,000 shares, no par value<br /><br />Issued and fully paid: 5,000 shares $54,260<br /><br /><br />**Preferred Stock:**<br /><br />6% cumulative, $25 par value<br /><br />Authorized, issued, and fully paid: 20,000 shares<br /><br />(20,000 shares * $25 par value) $500,000<br /><br /><br />**Retained Earnings:** $157,206<br /><br /><br />**Total Shareholders' Equity:** **$711,466**<br />