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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. 50,000 shares of common

Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet using Method 1 of Exhibit 8. 50,000 shares of common stock authorized, and 2,000 shares have been reacquired.

Common Stock, $30 par $1,200,000
Paid-In Capital from Sale of Treasury Stock 24,000
Paid-In Capital in Excess of ParCommon Stock 320,000
Retained Earnings 564,000
Treasury Stock 14,000

Stockholders' Equity
Paid-In Capital:
$
$
Total Paid-in Capital $
Total $
Total Stockholders' Equity $

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