Question Content Area\ Using the following accounts and balances, use Method 2 to prepare the Stockholders Equity section of the balance sheet with all of the appropriate disclosures.\ \ Line Item Description Amount\ Common Stock, $70 par (50,000 shares authorized, 40,000 issued) $2,800,000\ Paid-In Capital in Excess of Par 246,070\ Paid-In Capital from Sale of Treasury Stock 6,070\ Retained Earnings 143,000\ Treasury Stock 4,570\ blank\ Stockholders' Equity\ blank\ Line Item Description Amount Amount\ Contributed capital: \ \ Common stock, $70 par (50,000 shares authorized, 40,000 issued\ $Common stock, $70 par (50,000 shares authorized, 40,000 issued\ 2,800,000\ \ Paid-in capital in excess of par\ Paid-in capital in excess of par\ 246,070\ Total contributed capital $Total contributed capital\ \ - Select-\ Total $Total\ \ - Select-\ Total stockholders' equity $Total stockholders' equity