OBJ.7 U PE 13-6B Reporting stockholders' equity Using the following accounts and balances, prepare the Stockholders Equity section of the balance sheet using Method 1 of Exhibit 8. Five hundred thousand shares of common stock are authorized, and 40,000 shares have been reacquired. Common Stock, $120 par Paid-In Capital from Sale of Treasury Stock Paid-n Capital in Excess of Par- Common Stock Retained Earnings Treasury Stock $48,000,000 4,500,000 6,400,000 63,680,000 5,200,000