Reporting stockholders' equity Using the following accounts and balances, prepare the "Stockholders' Equity" section of the balance sheet. Regarding the common stock, 80,000 shares are authorized, and 1,000 shares have been reacquired. Common Stock, $80 par Paid-In Capital from Sale of Treasury Stock (1,000 shares at cost) Paid-In Capital in Excess of Par-Common Stock Retained Earnings Treasury Stock Balance Sheet Line Item Description Stockholders' Equity Paid-in capital: Paid-in capital, common stock Total paid-in capital Amount Amount $4,480,000 179,000 1,120,000 2,240,000 118,000

Reporting stockholders' equity Using the following accounts and balances, prepare the "Stackholders' Equity" section of the balance sheet, Regarding the cornmon stock, 80,000 shares are authorized, and 1,000 shares have been reacquired. Paid-In Capital from Sale of Treasury Stock (1,000 shares at cost) 179,000 Paid-In Capital in Excess of Par-Common Stock Retained Earnings 1,120,000 Treasury Stock 2,240,000 118,000 Balance Sheet Line Item Description Amount Amount Stockholders' Equity Paid-in capital: Paid-in capital, common stock Total paid-in capital Total Total stockholders' equity