Winston Corporation had the following balances in its shareholders' equity accounts as at May 31, 2015:
Retained earnings .......................................................................... $268,000
Common shares, unlimited authorized, 40,000 issued and outstanding ........... 215,000
$2.50 preferred shares, unlimited authorized, 2,000 issued and outstanding ..... 86,000
On June 18, 2015, the board of directors declared a 4:1 share split.
Prepare the Shareholders' Equity section of the balance sheet for Winston Corporation on June 19, 2015.