Using the following accounts and balances, prepare the Stockholders’ Equity section of the balance sheet. Two-hundred thousand shares of common stock are authorized, and 24,000 shares have been reacquired.

Common Stock, $15 par .............$2,400,000

Paid-In Capital in Excess of Par ........... 480,000

Paid-In Capital from Sale of Treasury Stock ....... 100,000

Retained Earnings ............... 5,275,000

Treasury Stock ..................336,000