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Reporting Stockholders' Equity Using the following accounts and balances, prepare the Stockholders Equity section of the balance sheet. 40,000 shares of common stock authorized, and

Reporting Stockholders' Equity

Using the following accounts and balances, prepare the Stockholders Equity section of the balance sheet. 40,000 shares of common stock authorized, and 10,000 shares have been reacquired.

Common Stock, $40 par $1,120,000
Paid-In Capital from Sale of Treasury Stock 45,000
Paid-In Capital in Excess of ParCommon Stock 196,000
Retained Earnings 549,000
Treasury Stock 26,000

Balance Sheet
Stockholders' Equity
Paid-in capital:

CashCommon Stock, $40 Par (40,000 Shares Authorized, 28,000 Shares Issued)Retained EarningsTreasury Stock

$- Select -

CashExcess of Issue Price Over ParRetained EarningsTreasury Stock

- Select -
Paid-in capital, common stock $fill in the blank 5

CashFrom Sale of Treasury StockRetained EarningsTreasury Stock

- Select -
Total paid-in capital $fill in the blank 8

Common Stock, $40 ParExcess of Issue Price Over ParRetained EarningsTreasury Stock

- Select -
Total $fill in the blank 11

Common Stock, $40 ParExcess of Issue Price Over ParRetained EarningsTreasury Stock

- Select -
Total stockholders' equity $fill in the blank 14

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