Using the following accounts and balances, prepare the Stockholders’ Equity section of the balance sheet. Seventy thousand shares of common stock are authorized, and 7,500 shares have been reacquired.

Common Stock, $75 par                                                $4,725,000

Paid-In Capital in Excess of Par                                         679,000

Paid-In Capital from Sale of Treasury Stock                      25,200

Retained Earnings                                                            2,032,800

Treasury Stock                                                                     588,000