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Using the following accounts and balances, prepare the stockholders' equity section of the balance sheet. Fifty thousand shares of common stock are authorized, and

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Using the following accounts and balances, prepare the stockholders' equity section of the balance sheet. Fifty thousand shares of common stock are authorized, and 4,000 shares have been reacquired. Common Stock, $70 par $2,660,000 Paid-In Capital in Excess of Par 196,070 Paid-In Capital from Sale of Treasury Stock 6,070 Retained Earnings 155,000 Treasury Stock 4,570 Stockholders' Equity Contributed capital: Total contributed capital Total Total stockholders' equity

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