Patterson Software had the following selected account balances at December 31, 2016 (all numbers and amounts are in thousands, except par value per share):
Inventory........................................................................................$ 653
Property, plant, and equipment, net............................................................903
Paid-in capital in excess of par.................................................................899
Treasury stock, 160 shares at cost...........................................................1,840
Accumulated other comprehensive income (loss)........................................(730)*
Common stock, $2.00 par per share, 800 shares authorized, 400 shares issued......$ 800
Retained earnings..............................................................................2,240
Accounts receivable, net.....................................................................1,100
Notes payable.................................................................................1,254
Requirements
1. Prepare the stockholders' equity section of Patterson Software's balance sheet (in thousands).
2. How can Patterson have a larger balance of treasury stock than the sum of Common Stock and Paid-in Capital in Excess of Par?