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Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet. 70,000 shares of common stock authorized, and 1,000 shares

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Using the following accounts and balances, prepare the "Stockholders' Equity" section of the balance sheet. 70,000 shares of common stock authorized, and 1,000 shares have been reacquired. Common Stock, $60 par Paid-In Capital from Sale of Treasury Stock Paid-In Capital in Excess of Par-Common Stock Retained Earnings Treasury Stock Stockholders' Equity Paid-in capital: Excess of Issue Price Over Par Common Stock, $60 Par (70,000 Shares Authorized, 56,000 Shares Issued) Paid-in capital, common stock From Sale of Treasury Stock Total paid-in capital Retained Earnings Total Treasury Stock $3,360,000 134,000 952,000 1,512,000 79,000 Total stockholders' equity Balance Sheet 1000

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