Reporting stockholders' equity Using the following accounts and balances, prepare the "Stockholders' Equity" section of the balance sheet. Regarding the common stock, 50,000 shares are authorized, and 1,000 shares have been reacquired. Common Stock, $80 par $2,800,000 Paid-In Capital from Sale of Treasury Stock (1,000 shares at 168,000 cost) Paid-In Capital in Excess of Par-Common Stock 595,000 Retained Earnings Treasury Stock Balance Sheet Line Item Description Amount Amount Stockholders' Equity Paid-in capital: Paid-in capital, common stock Total paid-in capital Total Total stockholders' equity 1,512,000 96,000