Reporting Stockholders' Equity

Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet using Method 1 of Exhibit 8. 20,000 shares of common stock authorized, and 2,000 shares have been reacquired.

Common Stock, $80 par	$960,000
Paid-In Capital from Sale of Treasury Stock	48,000
Paid-In Capital in Excess of ParCommon Stock	312,000
Retained Earnings	442,000
Treasury Stock	27,000

Stockholders' Equity
Paid-In Capital:
Common Stock, $80 Par	$
Excess over par
Treasury Stock		$
From Sale of Treasury Stock
Total Paid-in Capital		$
Retained Earnings
Total		$
Treasury Stock
Total Stockholders' Equity		$