Reporting Stockholders' Equity

Using the following accounts and balances, prepare the Stockholders Equity section of the balance sheet. 100,000 shares of common stock authorized, and 4,000 shares have been reacquired.

Common Stock, $70 par	$4,900,000
Paid-In Capital from Sale of Treasury Stock	98,000
Paid-In Capital in Excess of ParCommon Stock	1,470,000
Retained Earnings	2,597,000
Treasury Stock	53,000

Balance Sheet

Stockholders' Equity
Paid-in capital:
CashCommon Stock, $70 Par (100,000 Shares Authorized, 70,000 Shares Issued)Retained EarningsTreasury Stock	$- Select -
CashExcess of Issue Price Over ParRetained EarningsTreasury Stock	- Select -
Paid-in capital, common stock
CashFrom Sale of Treasury StockRetained EarningsTreasury Stock		- Select -
Total paid-in capital
Common Stock, $70 ParExcess of Issue Price Over ParRetained EarningsTreasury Stock		- Select -
Total
Common Stock, $70 ParExcess of Issue Price Over ParRetained EarningsTreasury Stock		- Select -
Total stockholders' equity