Sunland Corporation's charter authorized $2$ million $$11$ par value common shares, and $400,0008\%$ cumulative and non$-$participating

preferred shares, with a par value of $$100$ per share. The corporation made the following share transactions through December $31,$

$2023$: $290,000$ common shares were issued for $$3\mathrm{.}77$ million and $10,000$ preferred shares were issued for machinery valued at

$$1,304,000.$ Subscriptions for $11,200$ common shares have been taken, and $25\%$ of the subscription price of $$16$ 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 $$15$ and retired. The Retained Earnings balance is $$220,000$ before considering the transactions above.

$($a$)$

Prepare the shareholders' equity section of the SFP in good form.

SUNLAND CORPORATION

Partial Statement of Financial Position