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