Using the following accounts and balances, prepare the Stockholders Equity section of the balance sheet. Refer to the lists of Accounts and Amount Descriptions provided for the exact wording of the answer choices for text entries.

Two hundred fifty thousand shares of common stock are authorized, and 16,000 shares have been reacquired.

Common Stock, $55 par	$10,725,000
Paid-In Capital from Sale of Treasury Stock	347,000
Paid-In Capital in Excess of ParCommon Stock	3,020,000
Retained Earnings	17,280,000
Treasury Stock	1,040,000