Reporting Stockholders' Equity Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet using Method 1 of Exhibit 8. 60,000 shares of common stock authorized, and 1,000 shares have been reacquired. $1,680,000 Common Stock, $40 par Paid-In Capital from Sale of Treasury Stock Paid-In Capital in Excess of Par-Common Stock Retained Earnings 84,000 588,000 941,000 Treasury Stock 46,000 Stockholders' Equity Paid-In Capital: Total Paid-in Capital Total Total Stockholders' Equity