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Using the following accounts and balances, prepare the Stockholders equity section of the balance sheet. Fifty thousand shares of common stock are authorized, and 1,500 shares have been reacquired. Refer to the lists of Amount Descriptions provided for the exact wording of the answer choices for text entries. Use the minus sign to indicate any values that are deducted on the statement.

1	Common Stock, $70 par	$2,590,000.00
2	Paid-In Capital in Excess of Par	148,000.00
3	Paid-In Capital from Sale of Treasury Stock	6,070.00
4	Retained Earnings	177,000.00
5	Treasury Stock	4,570.00

Amount Descriptions
Common stock, $70 par (50,000 shares authorized, 37,000 issued)
Excess of issue price over par
From sale of treasury stock
Retained earnings
Total
Total paid-in capital
Total stockholders equity
Treasury stock (1,500 shares at cost)

Prepare the Stockholders equity section of the balance sheet. Fifty thousand shares of common stock are authorized, and 1,500 shares have been reacquired. Refer to the lists of Amount Descriptions provided for the exact wording of the answer choices for text entries. Use the minus sign to indicate any values that are deducted on the statement.

Stockholders Equity

1	Paid-in capital:
2
3
4
5
6
7
8
9