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Reporting Stockholders' Equity Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet. 90,000 shares of common stock authorized, and
Reporting Stockholders' Equity Using the following accounts and balances, prepare the "Stockholders' Equity" section of the balance sheet. 90,000 shares of common stock authorized, and 4,000 shares have been reacquired. Common Stock, $50 par $3,600,000 Paid-In Capital from Sale of Treasury Stock 144,000 Paid-In Capital in Excess of Par-Common Stock 504,000 Retained Earnings 2,016,000 Treasury Stock 73,000 Balance Sheet Balance Sheet Stockholders' Equity Paid-in capital: Common Stock, $50 Par (90,000 Shares Authorized, 72,000 Shares Issued) Excess of Issue Price Over Par Paid-in capital, common stock From Sale of Treasury Stock Total paid-in capital Retained Earnings Total $ Treasury Stock Total stockholders' equity
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