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Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet. 80,000 shares of common stock authorized, and 4,000 shares have

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Using the following accounts and balances, prepare the "Stockholders' Equity" section of the balance sheet. 80,000 shares of common stock authorized, and 4,000 shares have been reacquired. Common Stock, $30 par $1,680,000 Paid-In Capital from Sale of Treasury Stock 50,000 Paid-In Capital in Excess of Par-Common Stock 672,000 Retained Earnings 958,000 Treasury Stock 33,000 Balance Sheet Stockholders' Equity Paid-in capital: Common Stock, $30 Par (80,000 Shares Authorized, 56,000 Shares Issued) 9 Excess of Issue Price Over Par Paid-in capital, common stock From Sale of Treasury Stock Total paid in capital Retained Earnings 958,000 Total Treasury Stock Total stockholders' equity

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