Prepare the shareholders' equity section of National Supply's balance sheet at

December $31,2026,$ assuming the shares are $($a$)$ retired and $($b$)$ accounted for as treasury

stock. Net income was $$14$ million in $2024,$$$15$ million in $2025,$ and $$16$ million in $2026.$ No

dividends were paid during the three$-$year period.