Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet using Method 1 of Exhibit 8. 50,000 shares of common stock authorized, and 2,000 shares have been reacquired. Common Stock, $40 par $1,400,000 Paid-In Capital from Sale of Treasury Stock 42,000 Paid-In Capital in Excess of Par-Common Stock 385,000 Retained Earnings 756,000 Treasury Stock 24,000 Stockholders' Equity Paid-In Capital: Total Paid-in Capital Total