172. Using the following accounts and balances, prepare the Stockholders’ Equity section of the balance sheet. Fifty thousand shares of common stock are authorized, and 5,000 shares have been reacquired.
Common Stock, $50 parommon Stock, $50 par
$1,500,000
Paid-In Capital in Excess of Par
250,000
Paid in Capital from Sale of Treasury Stock
42,000
Retained Earnings
4,350,000
Treasury Stockeasury Stock
155,000
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