Reporting Stockholders' Equity Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet using Method 1 of Exhibit 8. Two hundred thousand shares of common stock are authorized, and 5,000 shares have been reacquired. Common Stock, $3 part $270,000 Paid-In Capital from Sale of Treasury Stock 62,000 Paid-In Capital in Excess of Par-Common Stock 1,196,000 Retained Earnings 7,430,000 Treasury Stock 230,000 Stockholders' Equity Paid-in capital: Common Stock, $3 par (200,000 shares authorized, 90,000 shares issued) Excess over par Paid-in capital, common stock v From Sale of Treasury Stock Total Paid-In Capital Retained Earnings Treasury stock (5,000 shares at cost) 00 000 00