Question: Common Stock, $ 4 0 par $ 2 , 5 2 0 , 0 0 0 Paid - In Capital from Sale of Treasury Stock

Common Stock, $40 par
$2,520,000
Paid-In Capital from Sale of Treasury Stock (1,000 shares at cost)
\table[[Paid-In Capital in Excess of Par-Common Stock,567,000],[Retained Earnings,1,411,000],[Treasury Stock,60,000]]
Balance Sheet
Common Stock, $40 par $2,520,000 Paid-In Capital from Sale of Treasury

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