The following accounts and their balances appear in the ledger of Goodale Properties Inc. on...

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Accounting

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$747,000Paid-In Capital from Sale of Treasury Stock30,700Paid-In Capital in Excess of ParCommon Stock19,920Retained Earnings1,173,000Treasury Stock15,485

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 815 shares have been reacquired.

Paid-In Capital:CashCommon Stock, $45 Par (80,000 Shares Authorized, 16,600 Shares Issued)From Sale of Treasury StockRetained EarningsTreasury Stock (815 Shares at Cost)$- Select -CashCommon Stock, $45 Par (80,000 Shares Authorized, 16,600 Shares Issued)Excess Over ParRetained EarningsNet IncomeTreasury Stock (815 Shares at Cost)- Select -CashCommon Stock, $45 Par (80,000 Shares Authorized, 16,600 Shares Issued)Net IncomePaid-in capital, common stockRetained EarningsTreasury Stock (815 Shares at Cost)$- Select -CashCommon Stock, $45 Par (80,000 Shares Authorized, 16,600 Shares Issued)From Sale of Treasury StockNet IncomeRetained EarningsTreasury Stock (815 Shares at Cost)- Select -Total Paid-In Capital$fill in the blank 9CashCommon Stock, $45 Par (80,000 Shares Authorized, 16,600 Shares Issued)Excess Over ParFrom Sale of Treasury StockRetained EarningsTreasury Stock (815 Shares at Cost)- Select -CashCommon Stock, $45 Par (80,000 Shares Authorized, 16,600 Shares Issued)Retained EarningsExcess Over ParTreasury Stock (815 Shares at Cost)- Select -Total Stockholders' Equity$fill in the blank 14

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