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 of common stock are authorized, and 15,100 shares have been reacquired.

Common Stock, $50par $10,650,000

Paid-In Capital from Sale of Treasury Stock 320,000

Paid-In Capital in Excess of ParCommon Stock 3,190,000

Retained Earnings 19,200,000

Treasury Stock 981,500