(Answered) Using the following accounts and balances prepare the

Accounting

Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet. Seventy thousand shares of common stock are authorized, and 7,500 shares have been reacquired.

Common Stock, $75 par $4,725,000
Paid-In Capital in Excess of Par 679,000
Paid-In Capital from Sale of Treasury Stock 25,200
Retained Earnings 2,032,800
Treasury Stock 588,000

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