Prepare the Stockholders Equity section of the Balance sheet given the following information:

Preferred Stock $500,000

Paid in Capital in Excess of Par P/S $10,000

Common Stock $700,000

Paid in Capital in Excess of Par C/S $200,000

Retained Earnings $400,000

Treasury Stock $40,000

Paid in Capital from Sale of Treasury Stock $5,000

Prepare the Stockholders Equity section of the Balance sheet given the following information: Preferred Stock $500,000 Paid in Capital in Excess of Par P/S $10,000 Common Stock $700,000 Paid in Capital in Excess of Par C/S $200,000 Retained Earnings $400,000 Treasury Stock $40,000 Paid in Capital from Sale of Treasury Stock $5,000