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Reporting Stockholders' Equity Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet using Method 1 of Exhibit 8.

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Reporting Stockholders' Equity Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet using Method 1 of Exhibit 8. 30,000 shares of common stock authorized, and 1,000 shares have been reacquired. Common Stock, $40 par $840,000 Paid-In Capital from Sale of Treasury Stock 42,000 Paid-In Capital in Excess of Par-Common Stock 336,000 Retained Earnings 395,000 Treasury Stock 23,000 Stockholders' Equity Paid-In Capital: Total Paid-in Capital Total Total Stockholders' Equity 000000

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