Using the following accounts and balances, prepare the Stockholders’ Equity sect

Question

Using the following accounts and balances, prepare the Stockholders’ Equity section of the balance sheet. Refer to the lists of Accounts and Amount Descriptions provided for the exact wording of the answer choices for text entries. Two hundred fifty thousand shares of common stock are authorized, and 15,100 shares have been reacquired. Common Stock, $50 par $10,650,000 Paid-In Capital from Sale of Treasury Stock 320,000 Paid-In Capital in Excess of Par—Common Stock 3,190,000 Retained Earnings 19,200,000 Treasury Stock 981,500

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Shareholder's equity Common Stock, $50 par, 250,000 shares authorized, 213,000 shares issued 10,650,000 Paid-In Capital in Excess of Par 3,190,000 Paid in Capital from Sale of Treasury Stock 320,000 Retained Earnings 19,200,000 33,360,000 Less: Treasury Stock, 15,100 shares 981,500 Total stockholders' equity 32,378,500

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