Reporting Stockholders' Equity Using the following accounts and balances, prepare the "Stockholders' Equity" section of the balance sheet. 30,000 shares of common stock authorized, and 1,000 shares have been reacquired. Common Stock, $50 par Paid-In Capital from Sale of Treasury Stock $1,200,000 72,000 Paid-In Capital in Excess of Par-Common Stock 456,000 Retained Earnings 576,000 Treasury Stock 35,000 Balance Sheet Stockholders' Equity Paid-in capital: Common Stock, $50 Par (30,000 Shares Authorized, 24,000 Shares Issued) Excess of Issue Price Over Par Paid-in capital, common stock From Sale of Treasury Stock Total paid-in capital Retained Earnings Total Treasury Stock Total stockholders' equity Feedback Check My Work Recall that paid-in capital reflects the total amount that has been paid into the business by the stockholders for ownership in the corporation