Reporting Stockholders' Equity Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet using Method 1 of Exhibit 8. 90,000 shares of common stock authorized, and 1,000 shares have been reacquired. Common Stock, $40 par Paid-In Capital from Sale of Treasury Stock Paid-In Capital in Excess of Par-Common Stock Retained Earnings Treasury Stock $2,880,000 58,000 1,080,000 1,382,000 37,000 Stockholders' Equity Paid-In Capital: Total Paid-in Capital Total Total Stockholders' Equity Liquidating Partnerships Prior to liquidating their partnership, MacPherson and Ericson had capital accounts of $58,000 and $114,000, respectively. Prior to liquidation, the partnership had no cash assets other than what was realized from the sale of assets. These partnership assets were sold for $150,000. The partnership had $5,000 of liabilities. MacPherson and Ericson share income and losses equally. Determine the amount received by MacPherson as a final distribution from liquidation of the partnership $ 127,500