Reporting Stockholders' Equity Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet using Method 1 of Exhibit 8. 40,000 shares of common stock authorized, and 4,000 shares have been reacquired. Common Stock, $50 par $1,200,000 Paid-In Capital from Sale of Treasury Stock 60,000 Pald-in Capital in Excess of Par-Common Stock 432,000 Retained Earnings 600,000 Treasury Stock 40,000 Stockholders' Equity Pald-in Capital: Common Stock, $50 Par Excess over par Pald-in capital, common stock From Sale of Treasury Stock Total Pald-in Capital Retained Earnings Total Treasury Stock Total Stockholders' Equity