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Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet using Method 1 (separating sources of additional paid-in capital).
Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet using Method 1 (separating sources of additional paid-in capital). Fifty thousand shares of common stock are authorized, and 1,000 shares have been reacquired. Common Stock, $50 par $1,950,000 Paid-In Capital in Excess of Par 117,000 Paid in Capital from Sale of Treasury Stock 6,050 Retained Earnings 151,000 Treasury Stock 4,550 Stockholders' Equity Paid-in capital: Total stockholders' equity
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