(Answered) Question - stockholders equitynbspsection of balance

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Question - 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, $15 par	$166,500
Paid-In Capital in Excess of Par	13,320
Paid-In Capital from Sale of Treasury Stock	7,200
Retained Earnings	275,000
Treasury Stock	10,355

Prepare the Stockholders' Equity section of the balance sheet as of April 30. Fifty thousand shares of common stock are authorized, and 545 shares have been reacquired.

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