Question 5: What is the balance in retained The Stockholders' Equity section for Thomas Company at December 31, 2003 had the following accounts and balances: earnings at December 31, 2004? Paid-in Capital: Common Stock, $10 par, 150,000 shares outstanding $1,500,000 Paid-in Capital in Excess of Par 625,000 2.150,000Your Answers Retained Earnings Total Stockholders' Equity $4,275,000 (money) During 2004 the following events took place: 1. May 12: Declared a 5% stock dividend. The fair value on this date was $60 per share. 2. September 1: Split the stock 4 for 1. The fair value was $66 per share 3. Net income for the year was $123,000. Use this information to answer the following question: SUBMIT