Prepare theshareholders' equity section of Kingston's balance sheet. Net income has already been closed to Retained Earnings.

The financial statements of Kingston Employment Services Inc. reported the following accounts (adapted, with dollar amounts in thousands): Common shares: Total revenues . .. .. .. . $ 1,420 1100 shares issued $1, 100 Accounts payable . . .. .. 430 Long-term debt . ...... 28 Retained earnings . .... 720 Other current liabilities 2,500 Total expenses . ... . ... 805 Prepare the shareholders' equity section of Kingston's balance sheet. Net income has already been closed to Retained Earnings. Shareholders' equity (Thousands) Shareholders' equity