Reporting Stockholders' Equity Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet using Method 1 of Exhibit 8. 20,000 shares of common stock authorized, and 10,000 shares have been reacquired Common Stock, $80 par Pald-in Capital from Sale of Treasury Stock Pald-In Capital In Excess of Par-Common Stock Retalned Earmings Treasury Stock $1,120,000 22,000 224,000 616,000 15,000 enn 1,353 0 Pald-In Capital: Common Stock, $80 Par Treasury Stock x 1120,000 22000X Paid-in capital, common stock 224000 X 16,000X 40,000X 15,000 X 825,000 x Retained Earnings x Total Pald-in Capital Treasury Stock Total Treasury Stock Total Stockholders Equty 823.000x Recall that paid-in capital rofects tha total amount that has beon paid into the business by tho stockholdars for ownarship in tha corporation