ReportingStockholders' Equity

Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet using Method 1 ofExhibit 8. 100,000 shares ofcommon stockauthorized, and 2,000 shares have been reacquired.

Common Stock, $40 par. $3,200,000

Paid-In Capital from Sale of Treasury Stock. $64,000

Paid-In Capital in Excess of ParCommon Stock. $800,000

Retained Earnings $1,536,000

Treasury Stock. $34,000

Paid-In Capital:

$

$

Total Paid-in Capital$

Total$

Total Stockholders' Equity$