The following accounts and their balances appear in the ledger of Goodale Properties Inc. on June 30 of the current year:

1

Common Stock, $45 par

$3,060,000.00

2

Paid-In Capital from Sale of Treasury Stock

115,000.00

3

Paid-In Capital in Excess of Par-Common Stock

272,000.00

4

Retained Earnings

20,553,000.00

5

Treasury Stock

324,000.00

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. Refer to the lists of Accounts and Amount Descriptions provided for the exact wording of the answer choices for text entries. "Deduct" will automatically appear if required.

Accounts and Amount Descriptions
Common stock dividends
Common stock, $45 par; 80,000 shares authorized, 68,000 issued
Excess of issue price over par
From sale of treasury stock
Increase in retained earnings
Preferred stock dividends
Retained earnings
Total
Total contributed capital
Total paid-in capital
Total stockholders’ equity
Treasury stock; 9,000 shares at cost

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. Refer to the lists of Accounts and Amount Descriptions provided for the exact wording of the answer choices for text entries. "Deduct" will automatically appear if required.