PE 13-6B Reporting stockholders’ equity
Using the following accounts and balances, prepare the Stockholders’ Equity section of the balance sheet. Two-hundred thousand shares of common stock are authorized, and 24,000 shares have been reacquired.
| Common Stock, $15 par | $2,400,000 |
| Paid-In Capital in Excess of Par | 480,000 |
| Paid-In Capital from Sale of Treasury Stock | 100,000 |
| Retained Earnings | 5,275,000 |
| Treasury Stock | 336,000 |
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