Using the following information, prepare the Stockholders' equity section of the balance sheet. Seventy thousand shares of common stock are authorized and 7,000 shares have been reacquired. 
Definitions:
Internal Conflicts
Psychological struggles within the mind of an individual, stemming from opposing desires, beliefs, or impulses.
Reality Principle
A psychoanalytic concept that refers to the ability of the mind to assess the external world and act upon it accordingly, rather than purely on the basis of the pleasure principle.
Instinctual Needs
Fundamental, innate drives or motivations necessary for survival, such as hunger or reproduction.
Pleasure Principle
The driving force of the id that seeks immediate gratification of all desires, wants, and needs.
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