(Learning Objectives 3, 6: Show how treasury stock affects a company; prepare the stockholders equity section of a balance sheet) Sagebrush Software had the following selected account balances at December 31, 2012 (in thousands, except par value per share): Inventory $ 652 Property, plant, and equipment, net 859 Paid-in capital in excess of par 900 Treasury stock, 140 shares at cost 1,540 Accumulated othercomprehensive income (loss) (727)* Common stock, $2.25 par per share, 1,000 shares authorized, 280 shares issued $ 630 Retained earnings 2,260 Accounts receivable, net 1,200 Notes payable 1,188 *Debit balance Requirement 1. Prepare the stockholders equity section of Sagebrush Softwares balance sheet (in thousands). 2. How can Sagebrush have a larger balance of treasury stock than the sum of Common Stock and Paid-in Capital in Excess of Par?