Exhibit 8 Stockholders' Equity Section of a Balance Sheet Telex Inc. Balance Sheet December 31, 20Y7 Stockholders' Equity Paid-in capital: Preferred 10% stock, $50 par (2,000 shares authorized and issued) Excess over par $100,000 10,000 110,000 Paid-in capital, preferred stock. Common stock, $20 par (50,000 shares authorized, $900,000 190,000 45,000 shares issued) Excess of over par Method1 1,090,000 2,000 Paid-in capital, common stock From sale of treasury stock. Total paid-in capital $1,202,000 350,000 $1,552,000 (27,000) $1,525,000 Retained earnings Total Treasury stock (600 shares at cost) Total stockholders'equity