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Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet. There are 60,000 shares of common stock authorized, and 10,000

Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet. There are 60,000 shares of common stock authorized, and 10,000 shares have been reacquired. Common Stock, $40 par $1,680,000 Paid-In Capital from Sale of Treasury Stock 84,000 Paid-In Capital in Excess of ParCommon Stock 462,000 Retained Earnings 790,000 Treasury Stock 51,000

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