Cullumber Corporation's charter authorized 2 million $12 par value common shares, and 200,0008% cumulative and nonparticipating preferred shares, with a par value of $100 per share. The corporation made the following share transactions through December 31,2023:270,000 common shares were issued for $3.78 million and 10,000 preferred shares were issued for machinery valued at $1,502,000. Subscriptions for 11,200 common shares have been taken, and 35% of the subscription price of $18 per share has been collected. The shares will be issued when the subscription price is collected in full. In addition, 9,000 common shares have been repurchased for $17 and retired. The Retained Earnings balance is $150,000 before considering the transactions above. (a) Prepare the shareholders' equity section of the SFP in good form