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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

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, $45 par $3,060,000
Paid-In Capital from Sale of Treasury Stock 115,000
Paid-In Capital in Excess of ParCommon Stock 272,000
Retained Earnings 20,553,000
Treasury Stock 324,000

Prepare the Stockholders Equity section of the balance sheet as of June 30. Eighty thousand shares of common stock are authorized, and 9,000 shares have been reacquired.

Goodale Properties Inc.
Stockholders' Equity
June 30
Paid-In Capital:
Common Stock, $45 Par (80,000 Shares Authorized, 68,000 Shares Issued) $
Excess of Issue Price Over Par
Paid-in capital, common stock $
From Sale of Treasury Stock
Total Paid-In Capital $
Retained Earnings
Total $
Treasury Stock (9,000 Shares at Cost)
Total Stockholders' Equity $

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