Question Content AreaUsing the following accounts and balances, use Method $2$ to prepare the "Stockholders' Equity" section of the balance sheet with all of the appropriate

disclosures.

Stockholders' Equity

Using the following accounts and balances, use Method $2$ to prepare the $$Stockholders$$ Equity$$ section of the balance sheet with all of the appropriate disclosures.

Line Item Description Amount

Common Stock, $$30$ par $(50,000$ shares authorized, $35,000$ issued$)$ $$1,050,000$

Paid$-$In Capital in Excess of Par $111,030$

Paid$-$In Capital from Sale of Treasury Stock $6,030$

Retained Earnings $105,000$

Treasury Stock $4,530$

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Stockholders' Equity

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Line Item Description Amount Amount

Contributed capital:

Common stock, $$30$ par $(50,000$ shares authorized, $35,000$ issued$)$

$Common stock, $$30$ par $(50,000$ shares authorized, $35,000$ issued$)$

$-$ Select $-$

Total contributed capital $Total contributed capital

$-$ Select $-$

Total $Total

$-$ Select $-$

Total stockholders' equity $Total stockholders' equity