Reporting Stockholders' Equity

Using the following accounts and balances, prepare the Stockholders' Equity of the balance sheet. There are 80,000 shares of common stock authorized, and 10,000 shares have been reacquired.

Common Stock, $40 par $2,240,000

Paid-in Capital from Sale of Treasury Stock 45,000

Paid-In Capital in Excess of Par-Common stock 504,000

Retained Earnings 1,165,000

Treasury Stock 26,000