Using the following accounts and balances, prepare the Stockholders Equity section of the balance sheet using Method 1 of Exhibit 8. Refer to the lists of Accounts and Amount Descriptions provided for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Two hundred fifty thousand shares of common stock are authorized, and 18,500 shares have been reacquired. Common Stock, $50 par $9,600,000 Paid-In Capital from Sale of Treasury Stock 312,000 Paid-In Capital in Excess of ParCommon Stock 3,420,000 Retained Earnings 18,950,000 Treasury Stock 1,202,500