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Reporting Stockholders' Equity Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet. 80,000 shares of common stock authorized, and

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Reporting Stockholders' Equity Using the following accounts and balances, prepare the "Stockholders' Equity" section of the balance sheet. 80,000 shares of common stock authorized, and 2,000 shares have been reacquired. Common Stock, $40 par $2,240,000 Paid-In Capital from Sale of Treasury Stock 90,000 Paid-In Capital in Excess of Par-Common Stock 336,000 Retained Earnings 1,299,000 Treasury Stock 55,000 Balance Sheet Stockholders' Equity Paid-in capital: Common Stock, $40 Par (80,000 Shares Authorized, 56,000 Shares Issued) Paid-in capital, common stock Total paid-in capital Total Total stockholders' equity

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