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Instructions At December 31, Idaho Company had the following ending account balances: Retained Earnings: $250,000 Preferred Stock ($100 par, 7% cumulative, 10,000 authorized, 5,000 issued

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Instructions At December 31, Idaho Company had the following ending account balances: Retained Earnings: $250,000 Preferred Stock ($100 par, 7% cumulative, 10,000 authorized, 5,000 issued and outstanding): $500,000 Treasury Stock: $40,000 Paid-In Capital in Excess of Par-Common Stock: $625,000 Paid-In Capital in Excess of Par-Preferred Stock: $50,000 Common Stock (5 par value, 500,000 shares authorized, 105,000 issued): $525,000 Required: Prepare the stockholders' equity section of the balance sheet in good form with all of the required disclosures. Refer to the lists of Amount Descriptions provided for the exact wording of the answer choices for text entries. Enter the amount as a negative number using a minus sign, if required

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