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Using the following accounts and balances, prepare the stockholders' equity section of the balance sheet. Fifty thousand shares of common stock are authorized, and 2,000

Using the following accounts and balances, prepare the stockholders' equity section of the balance sheet. Fifty thousand shares of common stock are authorized, and 2,000 shares have been reacquired.

Common Stock, $40 par $1,320,000
Paid-In Capital in Excess of Par 204,040
Paid-In Capital from Sale of Treasury Stock 6,040
Retained Earnings 125,000
Treasury Stock 4,540

Stockholders' Equity
Contributed capital:
Common stock, $40 par (50,000 shares authorized, 33,000 issued $
Additional paid-in capital
Total contributed capital $
Retained earnings
Total $
Treasury stock
Total stockholders' equity $

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