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Print Item Question Content Area Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet using Method 1 (separating sources

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Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet using Method 1 (separating sources of additional paid-in capital). Fifty thousand shares of common stock are authorized, and 4,500 shares have been reacquired.

Common Stock, $60 par $1,800,000
Paid-In Capital in Excess of Par 180,000
Paid in Capital from Sale of Treasury Stock 6,060
Retained Earnings 150,000
Treasury Stock 4,560

Stockholders' Equity
Paid-in capital:

Common stock, $60 par (50,000 shares authorized, 30,000 issued)Retained earningsStock dividendsTotal paid-in capitalTreasury stock (4,500 shares at cost)

$

CashDividends declaredExcess of issue price over parRetained earningsTreasury stock (4,500 shares at cost)

Excess of issue price over parPaid-in capital, common stockRetained earningsStock dividendsTreasury stock (4,500 shares at cost)

$

Common stockFrom sale of treasury stockRetained earningsStock dividendsTreasury stock (4,500 shares at cost)

Common stockExcess of issue price over parRetained earningsStock dividendsTotal paid-in capital

$

Common stock, $60 par (50,000 shares authorized, 30,000 issued)From sale of treasury stockRetained earningsStock dividendsTreasury stock (4,500 shares at cost)

CashCommon stockRetained earningsTotal paid-in capitalTreasury stock (4,500 shares at cost)

Total stockholders' equity $fill in the blank 15

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