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Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet using Method 1 of Exhibit 8. 70,000 shares of common

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Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet using Method 1 of Exhibit 8. 70,000 shares of common stock authorized, and 10,000 shares have been reacquired. Common Stock, 530 par Paid-In Capital from Sale of Treasury Stock Paid-In Capital in Excess of Par-Common Stock Retained Earnings Treasury Stock $1,260,000 25,000 168,000 630,000 16,000 Stockholders' Equity Paldin Capital Total Pald-in Capital Total Total Stockholders' Equity

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