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Reporting Stockholders' Equity Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet. 70,000 shares of common stock authorized, and

image text in transcribed Reporting Stockholders' Equity Using the following accounts and balances, prepare the "Stockholders' Equity" section of the balance sheet. 70,000 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 Balance Sheet Stockholders' Equity Paid-in capital: Paid-in capital, common stock Total paid-in capital Total Total stockholders' equity $1,960,00039,000784,0001,117,00025,000

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