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Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet. There are 50,000 shares of common stock authorized, and 2,000

Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet. There are 50,000 shares of common stock authorized, and 2,000 shares have been reacquired.

Common Stock, $40 par $1,600,000
Paid-In Capital from Sale of Treasury Stock 48,000
Paid-In Capital in Excess of ParCommon Stock 200,000
Retained Earnings 944,000
Treasury Stock 22,000

Stockholders' Equity
Paid-In Capital:
Common Stock, $40 Par (50,000 Shares Authorized, 2,000 Shares Issued) $
Excess of Issue Price Over Par
Paid-in capital, common stock $
From Sale of Treasury Stock
Total Paid-in Capital $
Retained Earnings
Total $
Treasury Stock
Total Stockholders' Equity $

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