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. Common Stock, $40 par Paid-In Capital from Sale of Treasury Stock Paid-In Capital in Excess of Par-Common Stock Retained Earnings Treasury Stock $1,680,000 84,000 588,000 941,000 46,000 Stockholders' Equity Paid-In Capital: Common Stock, $40 Par Excess over par Paid-in capital, common stock From Sale of Treasury Stock Total Paid-in Capital Retained Earnings Total Treasury Stock Total Stockholders' Equity