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Using the following accounts and balances, prepare the stockholders' equity section of the balance sheet. Fifty thousand shares of common stock are authorized, and 1,500

Using the following accounts and balances, prepare the stockholders' equity section of the balance sheet. Fifty thousand shares of common stock are authorized, and 1,500 shares have been reacquired.

Common Stock, $70 par $2,800,000
Paid-In Capital in Excess of Par 246,070
Paid in Capital from Sale of Treasury Stock 6,070
Retained Earnings 119,000
Treasury Stock 4,570

Stockholders' Equity
Contributed capital:
$
Total contributed capital $
Total $
Total stockholders' equity $

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