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 4,000 shares have been reacquired. Common Stock, $50 par Paid-In Capital from Sale of Treasury Stock Paid-in Capital in Excess of Par-Common Stock Retained Earnings Treasury Stock $1,800,000 54,000 576,000 1,025,000 26,000 Stockholders' Equity Paid-in Capital: Common Stock, $50 Par $1,800,000 Treasury Stock Paid-in capital, common stock $ 576.000 Retained Earnings 1.026.000 Total Paid-in Capital Retained Earnings Total Treasury Stock Total Stockholders' Equity Check My Work 2 more Check My Work uses remaining All work saved Email Instructor Save and Exit Submit Assignment for Grading