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instructions Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet using Method 1 of Exhibit 8. Refer to the lists of Accounts and Amount Descriptions provided for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtracted or negative numbers use a minus sign. wo hundred fifty thousand shares of common stock are authorized, and 19,800 shares have been reacquired. $11,400,000 Common Stock, $60 par Paid-In Capital from Sale of Treasury Stock Paid-in Capital in Excess of Par-Common Stock Retained Earnings Treasury Stock 313,000 3,280,000 18,940,000 1,287,000 Accounts and Amount Descriptions Accounts and Amount Descriptions Common stock, $60 par (250,000 shares authorized, 182,500 shares issued) Common stock, $60 par (250,000 shares authorized, 190,000 shares issued) Dividends on common stock Excess over par From sale of treasury stock Issuance of additional common stock Net income Paid-in capital, common stock Purchase of treasury stock Retained earnings Total Total paid-in capital Total stockholders' equity Treasury stock (19,800 shares at cost) Reporting stockholders' equity. Instructions Accounts and Amount Descriptions Stockholders' Equity Stockholders' Equity Prepare the Stockholders' Equity section of the balance sheet using Method 1 of Exhibit 8. Refer to the lists of Accounts and Amount Descriptions provided for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtractive or negative numbers use a minus sign. Stockholders' Equity 1 Paid-in capital