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Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet. 20,000 shares of common stock authorized, and 10,000 shares have

Using the following accounts and balances, prepare the "Stockholders' Equity" section of the balance sheet. 20,000 shares of common stock authorized, and 10,000 shares have been reacquired.

Common Stock, $80 par $1,120,000 Paid-In Capital from Sale of Treasury Stock 22,000 Paid-In Capital in Excess of ParCommon Stock 378,000 Retained Earnings 661,000 Treasury Stock 14,000

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