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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,

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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 2,000 shares have been reacquired. Common Stock, $80 par Paid-In Capital from Sale of Treasury Stock Paid-In Capital in Excess of Par-Common Stock Retained Earnings: $3,840,000 115,000 576,000 1,997,000 Treasury Stock Balance Sheet Stockholders' Equity Paid-in capital: Paid-in capital, common stock Total Total paid-in capital Total stockholders' equity 10000000 70,000

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