eporting Stockholders' Equity

Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet using Method 1 of Exhibit 8. 40,000 shares of common stock authorized, and 10,000 shares have been reacquired.

Common Stock, $60 par	$1,920,000
Paid-In Capital from Sale of Treasury Stock	115,000
Paid-In Capital in Excess of ParCommon Stock	448,000
Retained Earnings	960,000
Treasury Stock	62,000

Stockholders' Equity

Paid-in capital:
CashCommon Stock, $60 Par (40,000 Shares Authorized, 32,000 Shares Issued)Net IncomeTreasury Stock (10,000 Shares at Cost)Retained Earnings	$- Select -
CashTreasury Stock (10,000 Shares at Cost)Excess over parNet IncomeRetained Earnings	- Select -
CashNet IncomeTreasury Stock (10,000 Shares at Cost)Paid-in capital, common stockRetained Earnings		$- Select -
CashNet IncomeTreasury Stock (10,000 Shares at Cost)From Sale of Treasury StockRetained Earnings		- Select -
Total Paid-In Capital			$fill in the blank 9
Common Stock, $60 Par (40,000 Shares Authorized, 32,000 Shares Issued)Treasury Stock (10,000 Shares at Cost)Excess over parRetained Earnings			- Select -
Common stock, $60 par (40,000 shares authorized, 32,000 shares issued)Excess over parNet IncomeTreasury Stock (10,000 Shares at Cost)Retained Earnings			- Select -
Total Stockholders' Equity			$fill in the blank 14