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Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet. 30,000 shares ofcommon stockauthorized, and 1,000 shares have been reacquired.

Using the following accounts and balances, prepare the "Stockholders' Equity" section of the balance sheet. 30,000 shares ofcommon stockauthorized, and 1,000 shares have been reacquired.

Common Stock, $30par$630,000Paid-In Capital from Sale ofTreasury Stock19,000Paid-In Capital in Excess of ParCommon Stock84,000Retained Earnings353,000Treasury Stock10,000

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