Sagebrush Software had the following selected account balances at December 31, 2012 (in thousands, except par value per share):

Requirements
1. Prepare the stockholders€™ equity section of Sagebrush Software€™s balance sheet (in thousands).
2. How can Sagebrush have a larger balance of treasury stock than the sum of Common Stock and Paid-in Capital in Excess ofPar?

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S 652 Common stock, $2.25 par Inventory Property, plant, and 859 900 per share, 1,000 shares authorized, 280 shares issued equipment, net $ 630 2,260 Accounts receivable, net.1,200 1,188 Paid-in capital in excess of par Treasury stock Retained earnings 140 shares at cost. 1,540 Accumulated other Notes payabl... comprehensive income (loss.. (727)