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.

Common Stock, $$75$ par $(70,000$ shares authorized, $63,000$ shares issued$)$ $$4,725,000$

Paid$-$In Capital in Excess of Par

Paid$-$In Capital from Sale of Treasury Stock

Retained Earnings

Treasury Stock $(7,000$ shares at cost$)$

$679,000$

$25,200$

$2,032,800$

$600,000$

Stockholders' Equity

Line Item Description

Amount

Amount

Contributed capital:

$q,$

$q,$

$$

Total

$$

Total stockholders' equity

$$

$$

$ $$

$$

$ $$

Previous

Next

$1$ more Check My Work uses remaining.

Submit Test for Grading