The financial statements of Timberview, Inc., reported the following:

Prepare the stockholders' equity section of Timberview, Inc.'s balance sheet. Net income has already been closed to Retained Earnings?

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Paid-in Capital in Excess of Par-Common. of Goods Sold. Common Stock, $7 par, 250,000 shares issued and outstanding. 1,750,000 $ 172,000 Net Sales. $1,090,000 Accounts Payable. Retained Earnings. Other Current Liabilities Operating Expenses . Total Assets 30,000 140,000 55,000 413,000 585,000 240,000 Cash. Long-Term Debt. 73,000