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Question 1 (17 points) In its published SEC 10-K Balance Sheet for the FY 2015, Alpha Company, had the following balances (all balances are normaty:

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Question 1 (17 points) In its published SEC 10-K Balance Sheet for the FY 2015, Alpha Company, had the following balances (all balances are normaty: Accounts Amount Preferred stock, ($100 par value, 5% noncumulative, 50,000 shares authorized, 10,000 shares issued $1,000,000 and outstanding) $1,000,000 Common Stock ($10 par value, 200,000 shares authorized, 100,000 shares issued and outstanding) Paid-in Capital in Excess of par, Common 150,000 700,000 Retained Earnings

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