Prepare the stockholders equity section of balance sheet

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Question - Using the following accounts and balances, prepare the stockholders' equity section of the balance sheet. Fifty thousand shares of common stock are authorized, and 4,500 shares have been reacquired.

Common Stock, $40 par $1,440,000

Paid-In Capital in Excess of Par 114,040

Paid-In Capital from Sale of Treasury Stock 6,040

Retained Earnings 160,000

Treasury Stock 4,540

Reference no: EM133059437

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