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Using the following accounts and balances, prepare the Stockholders' equity section of the balance sheet. Fifty thousand shares of common stock are authorized, and 2,500

Using the following accounts and balances, prepare the Stockholders' equity section of the balance sheet. Fifty thousand shares of common stock are authorized, and 2,500 shares have been reacquired.

Common Stock, $70 par $2,520,000
Paid-In Capital in Excess of Par 216,000
Paid in Capital from Sale of Treasury Stock 6,070
Retained Earnings 143,000
Treasury Stock 4,570

Stockholders' Equity
Paid-in capital
Common stock, $70 par (50,000 shares authorized, 36,000 issued) $
Excess of issue price over par $
From sale of treasury stock
Total paid-in capital $
Retained earnings
Total $
Treasury stock (2,500 shares at cost)
Total stockholders' equity $

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