A company has the following balances in its stockholders' equity accounts on December 31, Year 1: Treasury Stock $780,000: Common Stock. $530,000; Preferred Stock, $2,900,000; Retained Earnings, $1,850,000; and Additional Paid-in Capital, $8,100,000 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 0 Total Stockholders' Equity $ 0