P11-29A The balance sheet of Ballcraft, Inc., reported the following: Preferrerd stock, $6 par,6% 5,000 shares authorized and issued $30,000 Common stock $4.00 par value, 45,000 shares authorized; 10,000 shares issued $40,000 Additional paid-in-capital-common 219,000 Total paid-in-capital $289,000 Retained earnings 90,000 Total stockholders’ equity $379,000 Preferred dividends are in arrears […]