Reporting Stockholders' Equity Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet using Method 1 of Exhibit 8. 60,000 shares of common stock authorized, and 10,000 shares have been reacquired. Common Stock, $40 par $1,440,000 Paid-In Capital from Sale of Treasury Stock 58,000 Paid-In Capital in Excess of Par-Common Stock 432,000 Retained Earnings 749,000 Treasury Stock 38,000 Stockholders' Equity Paid-In Capital: Total Paid-in Capital Total Total Stockholders' Equity