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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 1,000

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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 1,000 shares have been reacquired. $2,340,000 123,060 Common Stock, $60 par Paid-In Capital in Excess of Par Paid-in Capital from Sale of Treasury Stock Retained Earnings Treasury Stock 6,060 107,000 4,560 Stockholders' Equity 2340.000 Contributed capital: Common stock, $60 par (50,000 shares authorized, 39,000 issued Additional paid in capital 129.120 X 2.469.120 X Total contributed capital 107.000 Retained earnings 2576120 X Total 4560 Treasury stock 2571.560 X Total stockholders equity

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