June 23 Issued 2,700 common shares for cash of $15.5 per share. July 2 Issued 800$4.00 preferred shares for $30,000 cash. 12 Received inventory valued at $18,000 and equipment with fair value of $46,000 for 3,300 common shares. Required required. Prepare the shareholders' equity section of Army Navy Sporting Goods balance sheet. Shareholders' Equity Shareholders' Equity Shareholders' equity:

Prepare the shareholders' equity section of Army Navy Sporting Goods balance sheet