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.

Five-hundred thousand shares of common stock are authorized, and 40,000 shares have been reacquired.

Common Stock, $120 par	$48,000,000
Paid-In Capital from Sale of Treasury Stock	4,500,000
Paid-In Capital in Excess of ParCommon Stock	6,400,000
Retained Earnings	63,680,000
Treasury Stock	5,200,000