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Stockholders' Equity Prepare the stockholders' equity section of a balance sheet The financial statements of Ridgeline Employment Services, Inc., reported the following accounts: Paid-in capital in excess of par $334,000 Total revenues $1,600,000 Notes payable (short-term) Common stock, $0.01 par, 50,000 Accounts payable 6,000 Retained earnings 100,000 660,000 600,000 shares issued Other current liabilities 25,000 Total expenses 200,000 Long-term debt 1,000,000 Use the blue shaded areas on the ENTERANSWERS tab for inputs Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Instruction tab you will be marked wrong. Requirement Prepare the stockholders' equity section of Ridgeline's balance sheet. Net income has already been closed to Retained Earnings. Check your spelling carefully and do not abbreviate. b. a. For reporting purposes, ignore authorized shares. Prepare the stockholders' equity section of Ridgeline's balance sheet. Net income has already been closed to Retained Earnings. (Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Instruction tab you will be marked wrong.) Stockholders' equity: Amount Total paid-in capital Total stockholders' equity