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Reporting Stockholders' Equity Using the following accounts and balances, prepare the Stockholders Equity section of the balance sheet. 20,000 shares of common stock authorized, and

Reporting Stockholders' Equity

Using the following accounts and balances, prepare the Stockholders Equity section of the balance sheet. 20,000 shares of common stock authorized, and 4,000 shares have been reacquired.

Common Stock, $70 par $1,120,000
Paid-In Capital from Sale of Treasury Stock 34,000
Paid-In Capital in Excess of ParCommon Stock 288,000
Retained Earnings 650,000
Treasury Stock 16,000

Balance Sheet
Stockholders' Equity
Paid-in capital:
Common Stock, $70 Par (20,000 Shares Authorized, 16,000 Shares Issued) $fill in the blank 2
Excess of Issue Price Over Par fill in the blank 4
Paid-in capital, common stock $fill in the blank 5
From Sale of Treasury Stock fill in the blank 7
Total paid-in capital $fill in the blank 8
Retained Earnings fill in the blank 10
Total $fill in the blank 11
Treasury Stock fill in the blank 13
Total stockholders' equity

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