Reporting Stockholders' Equity Using the following accounts and balances, prepare the "Stockholders' Equity" section of the balance sheet. 80,000 shares of common stock authorized, and 4,000 shares have been reacquired. Common Stock, $80 par Paid-In Capital from Sale of Treasury Stock $4,480,000 269,000 Paid-In Capital in Excess of Par-Common Stock 784,000 Retained Earnings 2,106,000 Treasury Stock 145,000 Balance Sheet < Stockholders' Equity Paid-in capital: Common Stock, $80 Par (80,000 Shares Authorized, 56,000 Shares Issued) 4,480,000 Excess of Issue Price Over Par 784,000 Paid-in capital, common stock From Sale of Treasury Stock Total paid-in capital Retained Earnings Total 5,264,000 269,000 5,533,000 2,106,000 7,639,000 Treasury Stock Stockholders' Equity Paid-in capital: 145,000 Balance Sheet Common Stock, $80 Par (80,000 Shares Authorized, 56,000 Shares Issued) Excess of Issue Price Over Par Paid-in capital, common stock From Sale of Treasury Stock Total paid-in capital Retained Earnings Total Treasury Stock Total stockholders' equity Feedback 4,480,000 784,000 5,264,000 269,000 5,533,000 2,106,000 7,639,000 145,000 7,784,000 X Check My Work Recall that paid-in capital reflects the total amount that has been paid into the business by the stockholders for ownership in the corporation