The Riegle Company had the following items on its December 31, 20X0, balance sheet and 20X0 income statement (in dollars except for number of shares outstanding):

Cash and equivalents ………………………… $ 60,000

Revenues …………………………………….. 790,000

Notes payable ………………………………….. 51,000

Long-term debt, excluding current portion …… 210,000

Accounts receivable, net ………………………. 48,000

Provision for income taxes ……………………. 60,000

Other long-term assets ………………………. 110,000

Interest expense ………………………………. 55,000

Deferred income tax liability–long-term …….. 44,000

Retained earnings …………………………… 204,000

Income taxes payable ………………………… 37,000

Cost of sales ………………………………… 470,000

Inventories ……………………………………. 36,000

Prepaid expenses ……………………………… 15,000

Common stock (50,000 shares outstanding) ….. 25,000

Property, plant, and equipment, at cost ……… 580,000

Accounts payable ……………………………… 43,000

Interest income ………………………………… 15,000

Goodwill, patents, and trademarks ……………. 75,000

Current portion of long-term debt …………….. 16,000

Less: Accumulated depreciation …………….. 170,000

Selling and administrative expenses …………. 150,000

Additional paid-in capital ……………………………. ?

Prepare in proper form the December 31, 20X0, balance sheet and the 20X0 income statement for Reigle Company. Include the proper amount for additional paid-in capital.