BE $12-6$ Reporting Stockholders' Equity

Obj. $6$

Using the following accounts and balances, prepare the "Stockholders' Equity" section of the balance sheet. Regarding the common stock, $500,000$ shares are authorized, and $40,000$ shares have been reacquired.

Common Stock, $$120$ par

Paid$-$In Capital from Sale of Treasury Stock

$$48,000,000$

$4,500,000$

$6,400,000$

$63,680,000$

$5,200,000$

Retained Earnings

Treasury Stock