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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

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 $193,500
Paid-In Capital in Excess of Par 15,480
Paid-In Capital from Sale of Treasury Stock 8,400
Retained Earnings 320,000
Treasury Stock 11,970

Prepare the Stockholders' Equity section of the balance sheet as of June 30. Fifty thousand shares of common stock are authorized, and 630 shares have been reacquired.

Goodale Properties Inc.
Stockholders' Equity
June 30, 20XX
Paid-In Capital:
Common Stock, $15 Par (50,000 Shares Authorized, 12,900 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 (630 Shares at Cost)

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