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 2,000 shares have been reacquired.

Common Stock, $50 par $1,850,000

Paid-In Capital in Excess of Par 222,000

Paid in Capital from Sale of Treasury Stock 6,050 Retained Earnings 119,000

Treasury Stock 4,550

Paid-in capital: