Instructions Accounts and Amount Descriptions Stockholders' Equity Instructions Using the following accounts and balances, prepare the Stockholders'Equity section of the balance sheet using Method 1 of Exhibit 8 Refe Two hundred fifty thousand shares of common stock are authorized, and 15,100 shares have been reacquired. Common Stock. $50 par Paid-in Capital from Sale of Treasury Stock Paid-in Capital in Excess of Par--Common Stock Retained Earnings Treasury Stock $10.850,000 320,000 3.190,000 19,200,000 981,500 EXHIBIT 8 Stockholders' Equity Section of a Balance Sheet Telex Inc. Balance Sheet December 31, 2017 $100,000 10,000 $ 110,000 Stockholders' Equity Paid-in capital: Preferred 10% stock, $50 par (2,000 shares authorized and issued). Excess over par Paid-in capital, preferred stock. Common stock, $20 par (50,000 shares authorized, 45,000 shares issued). Excess over par Paid-in capital, common stock. From sale of treasury stock.. Total paid-in capital Retained earnings. Total Treasury stock (600 shares at cost).. Total stockholders' equity. $900,000 190,000 1,090,000 2,000 $1,202,000 350,000 $1,552,000 (27,000 $1,525,000 $ 100,000 Stockholders' Equity Contributed capital Preferred 10% stock, 550 par (2,000 shares authorized and issued) Common stock. $20 par (50,000 shares authorized 45,000 shares issued). Additional paid-in capital Total contributed capital Retained earnings.. Total Treasury stock (600 shares at cost). Total stockholders'equity 900,000 202.000 $1,202,000 350,000 $1,552,000 127.000 $1,525,000 Instructions Accounts and Amount Descriptions Stockholders' Equity Instructions Accounts and Amount Descriptions US TW Accounts and Amount Descriptions Common stock. $50 par (250,000 shares authorized, 182,500 shares issued) Common stock, $50 par (250,000 shares authorized, 213,000 shares issued) Dividends on common stock Excess over par From sale of treasury stock Issuance of additional common stock Net income Paid-in capital, common stock Purchase of treasury stock Retained earnings Total stations Accounts and Amount Descriptions Stockholders' Equity nstructions Accounts and Amount Descriptions Stockholders' Equity TW 1 Pald-in capital: 2 3 4 $ 6 2 $ 9 30