Reporting stockholders' equityUsing the following accounts and balances, prepare the Stockholders Equity section of the balance sheet. Regarding the common stock, $70,000$ shares are authorized, and $2,000$ shares have been reacquired.Line Item DescriptionAmountCommon Stock, $$60$ par$$3,360,000$Paid$-$In Capital from Sale of Treasury Stock $(2,000$ shares at cost$)101,000$Paid$-$In Capital in Excess of ParCommon Stock$448,000$Retained Earnings$1,882,000$Treasury Stock$46,000$blankblankBalance SheetLine Item DescriptionAmountAmountStockholders' EquityPaid$-$in capital:blankblank$Common Stock, $$60$ Par $(70,000$ Shares Authorized, $56,000$ Shares Issued$)$Excess of Issue Price Over ParPaid$-$in capital, common stock$Paid$-$in capital, common stockFrom Sale of Treasury Stock $(2,000$ shares at cost$)$Total paid$-$in capital$Total paid$-$in capitalRetained EarningsTotal$TotalTreasury Stock $(2,000$ shares at cost$)$Total stockholders' equity$Total stockholders' equity