Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet using Method 1 of Exhibit 8. 100,000 shares of common stock authorized, and 2,000 shares have been reacquired. Common Stock, $50 par $4,000,000 Paid-In Capital from Sale of Treasury Stock 80,000 Paid-In Capital in Excess of Par-Common Stock: 560,000 Retained Earnings 2,200,000 Treasury Stock 53,000 Paid-In Capital: Common Stock, $50 Par Excess over par Stockholders' Equity Paid-in capital, common stock From Sale of Treasury Stock Total Paid-in Capital Retained Earnings Total 4,000,000 1.200.000 X 5,200,000 X 240,000 X 5.440.000 X 1.840,000 X 7.280,000 X Treasury Stock 137.000 X Total Stockholders' Equity 7,143,000 X