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 1,000 shares have been reacquired. Common Stock, $60 par $2,100,000 Paid-In Capital from Sale of Treasury Stock 63,000 Paid-In Capital in Excess of Par-Common Stock 245,000 Retained Earnings 1,239,000 Treasury Stock 28,000 Stockholders' Equity Paid-In Capital: Total Paid-in Capital Total Total Stockholders' Equity