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Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet using Method 1 of Exhibit 8. 100,000 shares of common

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Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet using Method 1 of Exhibit 8. 100,000 shares of common stock authorized, and 10,000 shares have been reacquired. Common Stock, $50 par $4,000,000 Paid-In Capital from Sale of Treasury Stock 240,000 Paid-In Capital in Excess of Par-Common Stock 640,000 Retained Earnings 1,880,000 Treasury Stock 144,000 Stockholders' Equity Paid-In Capital: Total Paid-in Capital Total Total Stockholders' Equity

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