The financial statements of Ridgeline Employment Services, Inc., reported the following accounts:

Prepare the stockholders’ equity section of Ridgeline’s balance sheet. Net income has already been closed to Retained Earnings.

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Paid-in capital in excess of par. Notes payable (short-term).. Common stock, $0.01 par, 600,000 shares issued.. Long-term debt... Total revenues... $334,000 $1,600,000 Accounts payable . Retained earnings.. Other current liabilities Total expenses... 50,000 100,000 660,000 200,000 1,000,000 6,000 25,000