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Using the following accounts and balances, use Method 2 to prepare the Stockholders' Equity section of the balance sheet with all of the appropriate

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Using the following accounts and balances, use Method 2 to prepare the "Stockholders' Equity" section of the balance sheet with all of the appropriate disclosures. Common Stock, $40 par (50,000 shares authorized, 39,000 issued) Paid-In Capital in Excess of Par Paid-In Capital from Sale of Treasury Stock Retained Earnings Treasury Stock $1,560,000 162,040 6,040 163,000 4,540 Stockholders' Equity Line Item Description Amount Amount Contributed capital: Total contributed capital Total Total stockholders' equity

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