EX 13-15 Stockholders’ equity section of balance sheet
The following accounts and their balances appear in the ledger of Cline Properties Inc. on April 30 of the current year:
|
Common Stock, $90 par |
$2,700,000 |
|
Paid-In Capital in Excess of Par |
120,000 |
|
Paid-In Capital from Sale of Treasury Stock |
36,000 |
|
Retained Earnings |
9,173,000 |
|
Treasury Stock |
352,000 |
Prepare the Stockholders’ Equity section of the balance sheet as of April 30. Fifty thousand shares of common stock are authorized, and 4,000 shares have been reacquired.