Using the following accounts and balances, prepare the Stockholders Equity section of the balance sheet using Method 1 of Exhibit 8. Five hundred thousand shares of common stock are authorized, and 35,000 shares have been reacquired. Common Stock, $120 par $25,500,000 Paid-In Capital from Sale of Treasury Stock 4,074,000 Paid-In Capital in Excess of ParCommon Stock 7,230,000 Retained Earnings 47,101,000 Treasury Stock 3,920,000