Using the following accounts and balances, prepare the Stockholders Equity section of the balance sheet. Regarding the common stock, 80,000 shares are authorized, and 2,000 shares have been reacquired.

Line Item Description	Amount
Common Stock, $50 par	$3,200,000
Paid-In Capital from Sale of Treasury Stock (2,000 shares at cost)	160,000
Paid-In Capital in Excess of ParCommon Stock	576,000
Retained Earnings	1,504,000
Treasury Stock	88,000

blank blank Balance Sheet

Line Item Description	Amount	Amount
Stockholders' Equity
Paid-in capital:	blank	blank
CashCommon Stock, $50 Par (80,000 Shares Authorized, 64,000 Shares Issued)Retained EarningsTreasury Stock (2,000 shares at cost)	$- Select -
CashExcess of Issue Price Over ParRetained EarningsTreasury Stock (2,000 shares at cost)	- Select -
Paid-in capital, common stock		$Paid-in capital, common stock
CashFrom Sale of Treasury Stock (2,000 shares at cost)Retained EarningsTreasury Stock (2,000 shares at cost)		- Select -
Total paid-in capital		$Total paid-in capital
Common Stock, $50 ParExcess of Issue Price Over ParRetained EarningsTreasury Stock (2,000 shares at cost)		- Select -
Total		$Total
Common Stock, $50 ParExcess of Issue Price Over ParRetained EarningsTreasury Stock (2,000 shares at cost)		- Select -
Total stockholders' equity		$Total stockholders' equity