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Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet using Method 1 (separating sources of additional paid-in capital). Fifty

Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet using Method 1 (separating sources of additional paid-in capital). Fifty thousand shares of common stock are authorized, and 4,000 shares have been reacquired.

Common Stock, $50 par $2,000,000
Paid-In Capital in Excess of Par 240,000
Paid in Capital from Sale of Treasury Stock 6,050
Retained Earnings 113,000
Treasury Stock 4,550

blank Stockholders' Equity
Paid-in capital:

Common stock, $50 par (50,000 shares authorized, 40,000 issued)Retained earningsStock dividendsTotal paid-in capitalTreasury stock (4,000 shares at cost)

$- Select -

CashDividends declaredExcess of issue price over parRetained earningsTreasury stock (4,000 shares at cost)

- Select - blank

Excess of issue price over parPaid-in capital, common stockRetained earningsStock dividendsTreasury stock (4,000 shares at cost)

$- Select - blank

Common stockFrom sale of treasury stockRetained earningsStock dividendsTreasury stock (4,000 shares at cost)

- Select - blank

Common stockExcess of issue price over parRetained earningsStock dividendsTotal paid-in capital

$- Select -

Common stock, $50 par (50,000 shares authorized, 40,000 issued)From sale of treasury stockRetained earningsStock dividendsTreasury stock (4,000 shares at cost)

- Select -

CashCommon stockRetained earningsTotal paid-in capitalTreasury stock (4,000 shares at cost)

- Select -
Total stockholders' equity $fill in the blank 15

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