Answer:
The preparation is shown below:
Explanation:
                   Goodale Properties Inc.
                    Stockholders' Equity
                      June 30, 20XX
Common Stock, $15 par (80,000 shares authorized, 39,600 shares issued) $594,000 Â
Add: Paid-In Capital in Excess of Par—Common Stock $ 15,840
Add: From sale of Treasury stock  $24,400
Total Paid-In Capital $634,240
Add: Retained earnings  $932,000
Total  $1,566,240
Deduct: Treasury Stock -$12,255
Total Stockholders' Equity  $1,553,985
The treasury stock purchased is only deducted and the other items would be added so that the correct value could arrive