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Halloway Corporation reported the following accounts (a partial list): Cost of Goods Sold $ 5,500 15,000 Common Shares, 40,000 shares issued and outstanding Long-term Note

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Halloway Corporation reported the following accounts (a partial list): Cost of Goods Sold $ 5,500 15,000 Common Shares, 40,000 shares issued and outstanding Long-term Note Payable 37,000 Accounts Payable Retained Earnings 29,500 Unearned Revenue 3,800 Cash Total assets 3,000 18,000 ? Prepare the shareholders' equity section of the Halloway balance sheet. The shareholders' equity section of Halloway's balance sheet would be: Shareholders' equity Total shareholders' equity

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