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	$666,000
Paid-In Capital from Sale of Treasury Stock	27,400
Paid-In Capital in Excess of ParCommon Stock	17,760
Retained Earnings	1,045,000
Treasury Stock	13,775

Prepare the Stockholders Equity section of the balance sheet as of June 30 using Method 1 of Exhibit 8. Eighty thousand shares of common stock are authorized, and 725 shares have been reacquired.

Goodale Properties Inc.
Stockholders' Equity
June 30, 20XX
Paid-In Capital:
Common Stock, $45 Par (80,000 Shares Authorized, 14,800 Shares Issued)
Excess over par
Paid-in capital, common stock
From Sale of Treasury Stock
Total Paid-In Capital
Treasury Stock (725 Shares at Cost)
Total
Treasury Stock (725 Shares at Cost)
Total Stockholders' Equity