Burkinshaw Ltd was established on 1 April 2025 and began by issuing 250 000 ordinary shares and 120 000 8% cumulative preference shares. The preference shares were issued privately at a value of \($4\) each and the ordinary shares were issued to the public at \($8\) each, payable in two instalments of \($4\) per share. The first instalment was payable on application and the remaining instalment was payable by 30 June 2026.

Required

(a) Prepare the equity section of the balance sheet as at 30 June 2026.