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3 Summit Apparel has the following accounts at December 31: Common Stock, $1 par value, 1,700,000 shares issued: Additional Pald-in Capital, $17.70 million; Retained Earnings

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3 Summit Apparel has the following accounts at December 31: Common Stock, $1 par value, 1,700,000 shares issued: Additional Pald-in Capital, $17.70 million; Retained Earnings $10.70 million; and Treasury Stock, 57,000 shares, $1.254 million. Prepare the stockholders' equity section of the balance sheet. (Amounts to be deducted should be Indicated by a minus sign. Enter your answer in dollars, not millions. For example, $5.5 million should be entered as 5,500,000.) eBook SUMMIT APPAREL Balance Sheet (Stockholders' Equity Section) December 31 Stockholders' equity Total Paid in Capital Total Stockholders' Equity

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