At December 31, Idaho Company Had the Following Ending Account

Essay

At December 31, Idaho Company had the following ending account balances:
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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
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Prepare the stockholders' equity section of the balance sheet in good form with all of the required disclosures.