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 2,000 shares have been reacquired. Common Stock, $50 par $2,100,000 Paid-In Capital from Sale of Treasury Stock 84,000 Paid-In Capital in Excess of Par-Common Stock 546,000 Retained Earnings 1,197,000 Treasury Stock 43,000 Stockholders' Equity Paid-In Capital: Common Stock, $50 Par Excess over par v v Paid-in capital, common stock From Sale of Treasury Stock v Total Paid-in Capital Retained Earnings v Total Treasury Stock v Total Stockholders' Equity