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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, $60 par (50,000 shares authorized, 40,000 issued)
$2,400,000
126,060
6,060
148,000
4,560
Paid-In Capital in Excess of Par
Paid-In Capital from Sale of Treasury Stock
Retained Earnings
Treasury Stock
Stockholders' Equity
Line Item Description Amount Amount
Contributed capital:
q,
q,
Total contributed capital
Total
Total stockholders' equity
$
q,
q,
q,
q,
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