Using the following accounts and balances, prepare the Stockholders Equity section of the balance sheet. Refer to the lists of Accounts and Amount Descriptions provided for the exact wording of the answer choices for text entries.

Two hundred fifty thousand shares ofcommon stockare authorized, and 17,500 shares have been reacquired.

Common Stock, $60 par$12,000,0000 Paid-In Capital from Sale of Treasury Stock 320,000Paid-In Capital in Excess of ParCommon Stock 3,200,000Retained Earnings 18,500,000Treasury Stock 1,137,500

Accounts andAmount Descriptions

Common stock, $60 par (250,000 shares authorized, 182,500 shares issued)

Common stock, $60 par (250,000 shares authorized, 200,000 shares issued)

Dividends on common stock

Excess of issue price over par

From sale of treasury stock

Issuance of additional common stock

Net income

Purchase of treasury stock

Retained earnings

Total

Total paid-in capital

Total stockholders equity

Treasury stock (17,500 shares at cost)