Casey Software had the following selected account balances at December 31, 2012 (in thousands, except par value per share).

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

Inventory Property, plant, and Common stock, $0.25 par per share, 900 shares authorized, 400 shares S 720 equipment, net. 860 903 Paid-in capital in excess of par. Treasury stock S 100 2,200 1,100 issued Retained earnings.. 90 shares at cost 1,035 Accumulated other (732) Notes payable.1,274 comprehenive income (loss)