Reporting stockholders' equity

Using the following accounts and balances, prepare the "Stockholders' Equity" section of the balance sheet. Regarding the common stock, $40,000$ shares are authorized, and $4,000$ shares have been reacquired.

Common Stock, $$40$ par

Paid$-$In Capital from Sale of Treasury Stock $(4,000$ shares at cost$)$

Paid$-$In Capital in Excess of Par$-$Common Stock

Retained Earnings

Treasury Stock

$$1,280,000$

$77,000$

$160,000$

$717,000$

$46,000$

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