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Using the following accounts and balances, prepare the Stockholders Equity section of the balance sheet. 90,000 shares of common stock authorized, and 1,000 shares have

Using the following accounts and balances, prepare the Stockholders Equity section of the balance sheet. 90,000 shares of common stock authorized, and 1,000 shares have been reacquired.

Common Stock, $40 par $2,520,000
Paid-In Capital from Sale of Treasury Stock 151,000
Paid-In Capital in Excess of ParCommon Stock 567,000
Retained Earnings 1,361,000
Treasury Stock 100,000

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