Reporting Stockholders' Equity

Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet using Method 1 of Exhibit 8. 40,000 shares of common stock authorized, and 10,000 shares have been reacquired.

Common Stock, $60 par	$1,680,000
Paid-In Capital from Sale of Treasury Stock	34,000
Paid-In Capital in Excess of ParCommon Stock	448,000
Retained Earnings	773,000
Treasury Stock	15,000

Stockholders' Equity
Paid-In Capital:
Common Stock, $60 Par	$
Excess over par
Paid-in capital, common stock		$
From Sale of Treasury Stock
Total Paid-in Capital		$
Retained Earnings
Total		$
Treasury Stock
Total Stockholders' Equity		$