only use given descriptions when inputting into balance sheet format.

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 answe choices for text entries. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Accounts and Amount Descriptions Common stock, $2 par (100,000 shares authorized, 70,000 shares issued) Common stock, $2 par (100,000 shares authorized, 75,000 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 (5,000 shares at cost)