Seventy thousand shares of common stock are authorized and 7,000 shares have been reacquired.

Seventy thousand shares of common stock are authorized and 7,000 shares have been reacquired.

9 Using the following information, prepare the stockholders' equity section of the balance sheet. Seventy thousand shares of common stock are authorized and 7,000 shares have been reacquired Common Stock, $75 par $4,725,000.00 Paid-In Capital in Excess of Par 679,000.00 Paid-In Capital from Sale of Treasury Stock 25,200.00 Retained Earnings Treasury Stock 2,032,800.00 600,000.00