The shareholders' equity portion of Mishastone Tire Company follows:
$\begin{array}{lr}
\text { Common stock ( } 2.0 \text { million shares) } & \$ 37,000,000 \
\text { Retained earnings } & 33,000.000 \
\hline &\$70,000,000
\end{array}$

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The Answer of The shareholders' equity portion of Mishastone Tire Company follows:
$\begin{array}{lr}
\text { Common stock ( } 2.0 \text { million shares) } & \$ 37,000,000 \
\text { Retained earnings } & 33,000.000 \
\hline &\$70,000,000
\end{array}$

The Shareholders' Equity Portion of Mishastone Tire Company Follows