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EXHIBIT 8 Stockholders' Equity Section of a Balance Sheet Telex Inc. Balance Sheet December 31, 20Y7 Stockholders' Equity Paid-in capital: Preferred 10%6 stock, $50 par ( 2,000 shares authorized and issued)... $100,000 Excess over par Paid-in capital, preferred stock 10,000 Common stock, $20 par ( 50,000 shares authorized, 45,000 shares issued) Excess over par .... Paid-in capital, common stock. From sale of treasury stock Total paid-in capital Retained earnings. Treasury stock ( 600 shares at cost) Total stockholders' equity. Total stockholders' equity.... Stockholders'Equity Contributed capital: Preferred 10% stock, $50 par (2,000 shares authorized and issued). Common stock, $20 par (50,000 shares authorized, 45,000 shares issued) Additional paid-in copital Total contributed capital Retained eamings Treasury stock ( 600 shares at cost). Total stockholders' equity. Strckholders' Equity Section of Blande Sheet. The following accounts and ther batances appear in the ledger of Coodale Properties Lnc, on June 30 of the current vear