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Name: R Class Date:- 1. At December 31, Idaho Company had the following ending account balances: Retained Earnings: $250,000 Preferred Stock (S 100 par 7%

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Name: R Class Date:- 1. At December 31, Idaho Company had the following ending account balances: Retained Earnings: $250,000 Preferred Stock (S 100 par 7% cumulative, 10,000 authorized 5,000 issued and outstanding: S500 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 (S5 par value, 500,000 shares authorized, 105,000 issued): $525,000 Prepare the stockholders' equity section of the balance sheet in good form with all of the required disclosures

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