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Using the following accounts and balances, prepare the Stockholders Equity section of the balance sheet. There are 50,000 shares of common stock authorized, and 5,000

Using the following accounts and balances, prepare the Stockholders" Equity section of the balance sheet. There are 50,000 shares of common stock authorized, and 5,000 shares have been reacquired. common stock, 50 par 1,250,000 paid in capital in excess of par 800,000 paid in capital from sale of treasury stock 42,000 retained earnings 4,350,000 treasury stock 155,000

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