Using the following accounts and balances, prepare the "Stockholders' Equity" section of the balance sheet. $40,000$ shares of common stock authorized, and $10,000$ shares have been reacquired.

Balance SheetUsing the following accounts and balances, prepare the $$Stockholders$$ Equity$$ section of the balance sheet. $40,000$ shares of common stock authorized, and $10,000$ shares have been reacquired.

Common Stock, $$40$ par $$1,280,000$

Paid$-$In Capital from Sale of Treasury Stock $51,000$

Paid$-$In Capital in Excess of Par$$Common Stock $256,000$

Retained Earnings $589,000$

Treasury Stock $28,000$