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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.

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, $70 par (50,000 shares authorized, 36,000 issued) Paid-In Capital in Excess of Par Paid-In Capital from Sale of Treasury Stock Retained Earnings Treasury Stock $2,520,000 150,070 6,070 140,000 4,570

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