EX.12-18

Instructions The following accounts and their balances appear in the ledger of Goodale Properties Inc. on June 30 of the current year 1 Common stock, $44 par $2,864,400.00 114,300.00 2 Paid-In Capital from Sale of Treasury Stock 3 Paid In Capital in Excess of Par-Common Stock 260,400.00 4 Retained Earings 18,780,100.00 5 Treasury Stock 304,500.00 Prepare the Stockholders' Equity section of the balance sheet as of June 30. Eighty thousand shares of common stock are authorized, and 8,700 shares have been reacquired. Refer to the lists of Accounts and Amount Descriptions provided for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtracted or negative numbers use a minus sign Accounts and Amount Descriptions Accounts and Amount Descriptions Common stock dividends Common stock, $44 par, 80,000 shares authorized, 65, 100 issued Excess of issue price over par From sale of treasury stock Increase in retained earnings Paid-in capital, common stock Preferred stock dividends Retained earnings Total Total contributed capital Total paid-in capital Total stockholders' equity Treasury stock; 8,700 shares at cost Stockholders' Equity Prepare the Stockholders' Equity section of the balance sheet as of June 30. Eighty thousand shares of common stock are authorized, and 8,700 shares have been reacquired. Refer to the lists of Accounts and Amount Descriptions provided for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Goodale Properties Inc. Stockholders' Equity June 30, 20XX 1 Paid-in capital 2 3 4 8 9 10