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 $459,000 Paid-In Capital from Sale of Treasury Stock 18,800 Paid-In Capital in Excess of Par—Common Stock 12,240 Retained Earnings 720,000 Treasury Stock 9,500 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 500 shares have been reacquired.