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:
Capital Budgeting Decision
A capital budgeting decision involves the process of deciding whether to pursue a long-term investment or project based on its potential financial returns.
Lease Financing
A method of financing where a firm obtains the use of certain assets through leasing, avoiding the need to invest capital in them.
Opportunity Cost
The cost of forgoing the next best alternative when making a decision or investment.
Foregone CCA
The term "Foregone CCA" does not exist in widely recognized financial lexicons and might be incorrectly stated or highly specific to a niche sector.
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