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Using the following information, prepare the Stockholders' Equity section of the balance sheet using Method I (separating sources of additiona paid-in capital), Seventy thousand shares

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Using the following information, prepare the Stockholders' Equity section of the balance sheet using Method I (separating sources of additiona paid-in capital), Seventy thousand shares of common stock are authorized and 7,000 shares have been reacquired. Common Stock, $75 par Pald-In Capital in Excess of Par Paid-In Capital from Sale of Treasury Stock Retained Earnings Treasury Stock $4,725,000 679,000 25,200 2,032,800 600,000 Stockholders' Equity Pald-in capital: Common stock, $75 par (70,000 shares authorized, 63,000 shares issued) Total stockholders' equity

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