Closet Organizers Inc. sells closet organizing systems. Selected accounts and their balances as of September 30, the end of the current year are: Common Stock, $42 par Paid-in Capital from Sale of Treasury Stock-Common Paid-in Capital in Excess of Par - Common Stock 12,810,000 330,000 453,000 Paid-in Capital in Excess of Par - Preferred Stock 156,000 Retained Earnings Preferred 2% stock, $100 par Treasury Stock-Common 520,000 64,358,000 1,006,250 Prepare the Stockholder's Equity section of the balance sheet as of September 30, the end of the current year using Method 1 of Exhibit 8. Preferred stock has sixty thousand shares authorized and common stock has four hundred thousand shares authorized. There are twenty-five thousand shares of common stock held as treasury stock.