Using the following accounts and balances, prepare the $$Stockholders$$ Equity$$ section of the balance sheet. Regarding the common stock, $100,000$ shares are authorized, and $10,000$ shares have been reacquired.

Line Item Description Amount

Common Stock, $$70$ par $$4,900,000$

Paid$-$In Capital from Sale of Treasury Stock $(10,000$ shares at cost$)147,000$

Paid$-$In Capital in Excess of Par$$Common Stock $910,000$

Retained Earnings $2,597,000$

Treasury Stock $71,000$

blank

blank

Balance Sheet

Line Item Description Amount Amount

Stockholders' Equity

Paid$-$in capital: blank blank

$$-$ Select $-$

$-$ Select $-$

Paid$-$in capital, common stock $Paid$-$in capital, common stock

$-$ Select $-$

Total paid$-$in capital $Total paid$-$in capital

$-$ Select $-$

Total $Total

$-$ Select $-$

Total stockholders' equity $Total stockholders' equity