Reporting stockholders' equity Common Stock, $40 par $1,600,000 Paid-In Capital from Sale of Treasury Stock (2,000 shares at cost) Paid-In Capital in Excess of Par-Common Stock Retained Earnings Treasury Stock 280,000 880,000 33,000 Balance Sheet Line Item Description Amount Amount Stockholders' Equity Paid-in capital: Common Stock, $40Par(50,000 Shares Authorized, 40,000 Shares Issued) Excess of Issue Price Over Par Paid-in capital, common stock From Sale of Treasury Stock (2,000 shares at cost) Total paid-in capital Retained Earnings Total Treasury Stock (2,000 shares at cost) Total stockholders' equity Retained earnings statement Sumter Pumps Corporation, a manufacturer of industrial pumps, reports the following results for the year ended December 31 , 20Y3 : Prepare a retained earnings statement for the year ended December 31,20Y3. Feedback Check My Work Recall the statement of owner's equity and items that caused a change in value of the owner