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.
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