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Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet using Method 1 of Exhibit 8. 90,000 shares of common

Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet using Method 1 of Exhibit 8. 90,000 shares of common stock authorized, and 4,000 shares have been reacquired. Common Stock, $30 par $1,620,000 Paid-In Capital from Sale of Treasury Stock 97,000 Paid-In Capital in Excess of ParCommon Stock 378,000 Retained Earnings 745,000 Treasury Stock

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