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 using Method 1 of Exhibit 8. Eighty thousand shares of common stock are authorized, and 9,000 shares have been reacquired.

Goodale Properties Inc.
Stockholders' Equity
June 30, 20XX
Paid-In Capital:
	$
		$
Total Paid-In Capital		$
Total		$
Total Stockholders' Equity			$