[step:Show $\mathcal{A}_K$ is a subalgebra of $C(K)$]We verify that $\mathcal{A}_K$ is closed under pointwise addition, scalar multiplication, and pointwise multiplication, as required for a subalgebra of $C(K)$.
Take $\Phi_f|_K, \Phi_g|_K \in \mathcal{A}_K$ with $f, g \in T((V))^*$, and let $\lambda \in \mathbb{R}$.
*Closure under addition and scalar multiplication.* For every $z \in K$,
\begin{align*}
(\Phi_f|_K + \Phi_g|_K)(z) = f(S(z)) + g(S(z)) = (f + g)(S(z)) = \Phi_{f+g}(z),
\end{align*}
\begin{align*}
(\lambda \Phi_f|_K)(z) = \lambda f(S(z)) = (\lambda f)(S(z)) = \Phi_{\lambda f}(z),
\end{align*}
where $S$ is the signature map. Since $T((V))^*$ is an $\mathbb{R}$-vector space, $f + g, \lambda f \in T((V))^*$, so $\Phi_f|_K + \Phi_g|_K = \Phi_{f+g}|_K \in \mathcal{A}_K$ and $\lambda \Phi_f|_K \in \mathcal{A}_K$.
*Closure under multiplication.* By the [shuffle identity for signatures](/theorems/???), for every $f, g \in T((V))^*$ and every $z \in \mathcal{C}_p$,
\begin{align*}
\Phi_f(z) \, \Phi_g(z) = \langle f, S(z) \rangle \, \langle g, S(z) \rangle = \langle f \shuffle g, S(z) \rangle = \Phi_{f \shuffle g}(z),
\end{align*}
where $f \shuffle g \in T((V))^*$ is the shuffle product of $f$ and $g$ and $\langle \cdot, \cdot \rangle$ denotes the natural pairing of $T((V))^*$ with $T((V))$. Restricting to $K$,
\begin{align*}
(\Phi_f|_K \cdot \Phi_g|_K)(z) = \Phi_{f \shuffle g}(z) = (\Phi_{f \shuffle g}|_K)(z) \quad \text{for every } z \in K,
\end{align*}
so $\Phi_f|_K \cdot \Phi_g|_K = \Phi_{f \shuffle g}|_K \in \mathcal{A}_K$.[/step]