Using the following accounts and balances, prepare the stockholders equity section of the balance sheet. Fifty thousand shares of common stock are authorized, and 1,500 shares have been reacquired. Refer to the lists of Amount Descriptions provided for the exact wording of the answer choices for text entries. Deduct will automatically appear if required.

1 Common Stock, $70 par $2,590,000.00 2 Paid-In Capital in Excess of Par 148,000.00 3 Paid-In Capital from Sale of Treasury Stock 6,070.00 4 Retained Eamings 177,000.00 5 Treasury Stock 4,570.00 Amount Descriptions Common stock, S70 par (50,000 shares authorized, 37,000 issued) Excess of issue price over par From sale of treasury stock Retained earnings Total Total paid-in capital Total stockholders' equity treasury stock (1,500 shares at cost) Prepare the stockholders' equity section of the balance sheet. Fifty thousand shares of common stock are authorized, and 1,500 shares have been reacquired. Refer to the lists of Amount Descriptions provided for the exact wording of the answer choices for text entries. Deduct" will automatically appear if required. Stockholders' Equity 1 Paid-in capital