A company has the following balances in its stockholders' equity accounts on December 31, Year 1: Treasury Stock, $660,000; Common Stock, $410,000; Preferred Stock, $1,700,000; Retained Earnings, $1,250,000; and Additional Paid-in Capital, $6,900,000. Required: Prepare the stockholders' equity section of the balance sheet for the company as of December 31, Year 1. (Amounts to be deducted should be indicated by a minus sign.) Balance Sheet (Stockholders' Equity Section) December 31, Year 1 Stockholders' Equity: Total Paid-in Capital Total Stockholders' Equity