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United Apparel has the following balances in its stockholders' equity accounts on December 31, 2024:...

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Accounting

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United Apparel has the following balances in its stockholders' equity accounts on December 31, 2024: Treasury Stock, $670,000; Common Stock, $420,000; Preferred Stock, $1,800,000; Retained Earnings, $1,300,000; and Additional Pald-in Capital, $7,000,000. Required: Prepare the stockholders' equity section of the balance sheet for United Apparel as of December 31, 2024. (Amounts to be deducted should be indicated by a minus sign.)

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