Bukala Software had the following selected account balances at December 31, 2010 (in thousands, except par value per share):

Requirements
1. Prepare the stockholders equity section of Bukala Softwares balance sheet (in thousands).
2. How can Bukala have a larger balance of treasury stock than the sum of Common Stock and Paid-in Capital in Excess ofPar?

Transcribed Image Text:

705 Common stock, $0.50 par Inventory....RRReE. Property, plant, and per share, 900 shares authorized, 300 shares 903 equipment, net Paid-in capital in excess of par... Treasury stock issued earmingS Accounts receivable, net. 2,270 140 shares at cost Other stockholders equity. 1,610 (726) 200 Notes payable1,166