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Stockholders' Equity Section of Balance Sheet The following accounts and their balances appear in the...

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Accounting

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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, $15 par $486,000 Paid-In Capital from Sale of Treasury Stock 20,000 Paid-In Capital in Excess of Par-Common Stock 12,960 Retained Earnings 763,000 Treasury Stock 10,070 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 530 shares have been reacquired. Goodale Properties Inc. Stockholders' Equity June 30, 20XX Paid-In Capital: 40 VIA CP Retained Earnings Statement Sumter Pumps Corporation, a manufacturer of industrial pumps, reports the following results for the year ended January 31, 2012: Retained earnings, February 1, 2011 $575,700 Net income 63,300 Cash dividends declared 11,400 Stock dividends declared 21,500 Prepare a retained earnings statement for the fiscal year ended January 31, 2012. Sumter Pumps Corporation Retained Earnings Statement For the Year Ended January 31, 20Y2 44 Cup F10 F ET

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