Chapter 10, Problem 10.13S

(Learning Objective 6: Prepare the stockholders’ equity section of a balance sheet) The financial statements of Ridgeline Employment Services, Inc., reported the following accounts:

paid-in capital in excess of par........	$334,000
Notes payable (short-term)..............	50,000
Common stock, $0.01 par, 600,000 shares issued.	6,000
Long-term debe…..................................	25,000
Total revenues.......................	$ 1,600,000
Accounts payable..............	100,000
Retained earnings.............	660.000
Other current liabilities....	200,000
Total expenses.......................	1,000,000

Prepare the stockholders’ equity section of Ridgeline’s balance sheet. Net income has already been closed to Retained Earnings.