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Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet using Method 1 (separating sources of additional paid-in capital). Fifty

Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet using Method 1 (separating sources of additional paid-in capital). Fifty thousand shares of common stock are authorized, and 1,000 shares have been reacquired.

Common Stock, $60 par $1,920,000
Paid-In Capital in Excess of Par 96,000
Paid in Capital from Sale of Treasury Stock 6,060
Retained Earnings 167,000
Treasury Stock 4,560

Paid-in capital:
Common stock, $60 par (50,000 shares authorized, 32,000 issued)Retained earningsStock dividendsTotal paid-in capitalTreasury stock (1,000 shares at cost) $- Select -
CashDividends declaredExcess of issue price over parRetained earningsTreasury stock (1,000 shares at cost) - Select - blank
Excess of issue price over parPaid-in capital, common stockRetained earningsStock dividendsTreasury stock (1,000 shares at cost) $- Select - blank
Common stockFrom sale of treasury stockRetained earningsStock dividendsTreasury stock (1,000 shares at cost) - Select - blank
Common stockExcess of issue price over parRetained earningsStock dividendsTotal paid-in capital $- Select -
Common stock, $60 par (50,000 shares authorized, 32,000 issued)From sale of treasury stockRetained earningsStock dividendsTreasury stock (1,000 shares at cost) - Select -
CashCommon stockRetained earningsTotal paid-in capitalTreasury stock (1,000 shares at cost) - Select -
Total stockholders' equity $fill in the blank 15

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