Casey Manufacturing, Co., has the following selected account balances at June 30, 2010.

Requirement 1. Prepare the stockholders' equity section of the company's balance sheet.

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Common Stock, no par with $1 stated value, 100,000 shares authorized, issued, Inventory... $112,000 Machinery and Equipment.. 109,000 Preferred Stock, 5%, $20 par, and outstanding... $100,000 20,000 shares authorized, Accumulated Depreciation, 5,000 shares issued and Machinery and Equipment... 62,000 outstanding. 100,000 Retained Earnings. 110,000 Paid-in Capital in Excess of Stated Value... 90,000 Cost of Goods Sold. 81,000