"Stockholders' Equity" section of balance sheet The following accounts and their balances appear in the ledger of Goodale Properties Inc. on June 30 of the current year: Common Stock, $15 par Paid-In Capital from Sale of Treasury Stock Paid-In Capital in Excess of Par-Common Stock Retained Earnings Treasury Stock $139,500 6,000 11,160 230,000 8,645 Prepare the "Stockholders' Equity" section of the balance sheet as of June 30. Regarding the common stock, 50,000 shares are authorized, and 455 shares have been reacquired. Goodale Properties Inc. Stockholders' Equity June 30, 20XX < Line Item Description Amount Amount Amount Paid-In Capital: Common Stock, $15 Par (50,000 Shares Authorized, 9,300 Shares Issued) 139,500 Excess of Issue Price Over Par 11,160 Paid-in capital, common stock From Sale of Treasury Stock Total Paid-In Capital Retained Earnings Total Treasury Stock (455 Shares at Cost) Total Stockholders' Equity 150,660 230,000 X 156,660 230,000 386,660 8,645 378,015 Feedback Check My Work Recall that the paid-in capital section of the balance sheet includes separate reporting of each class of stock. Treasury stock held by a corporation reduces stockholders' equity. Check My Work Activate