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Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet. Regarding the common stock, 500,000 shares are authorized, and

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Using the following accounts and balances, prepare the "Stockholders' Equity" section of the balance sheet. Regarding the common stock, 500,000 shares 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 Par-Common Stock 6,400,000 Retained Earnings 63,680,000 Treasury Stock 5,200,000 Balance Sheet Line Item Description Amount Amount Stockholders' Equity Paid-in capital: Paid-in capital, common stock Total paid-in capital Total Total stockholders' equity

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