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eporting Stockholders' Equity Ising the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet using Method 1 of Exhibit 8 , Five-hundred thousan hares of common stock are authorized, and 40,000 shares have been reacquired. Stockholders' Equity Paid-in Capital: Common Stock, S120 Par (500,000 Shares Authorized, 400,000 Shares Issued) Treasury Stock (40,000 Shares at Cost) Paid-in capital, common stock > Retained Earnings Total Paid-In Capital Treasury Stock (40,000 Shares at Cost )X Total Total Stockholders' Equity