Patterson Software had the following selected account balances at December 31, 2010 (in thousands, except par value per share).

Requirements
1. Prepare the stockholders equity section of Patterson€™s balance sheet (in thousands).
2. How can Patterson have a larger balance of treasury stock than the sum of Common Stock and Paid-in Capital in Excess ofPar?

Inventory Property, plant, and 651 Common stock, $0.75 par per share, 800 shares authorized, 320 shares issued. 900 equipment, net... Paid-in capital in excess of par899 Treasury stock 240 Retained earnings 2, 100 shares at cost... Other stockholders' equity 1,150 Accounts receivable, net. 1,000 1,100 Notes payable.