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Brief Exercise 10-16 (Algo) Prepare the stockholders' equity section (LO10-7) Sunny Apparel has the following accounts at December 31: Common Stock, $1 par value, 1,600,000
Brief Exercise 10-16 (Algo) Prepare the stockholders' equity section (LO10-7) Sunny Apparel has the following accounts at December 31: Common Stock, $1 par value, 1,600,000 shares issued; Additional Paid-in Capital, $16.40 million; Retained Earnings, $9.40 million; and Treasury Stock, 44,000 shares, $0.968 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) SUNNY APPAREL Balance Sheet (Stockholders' Equity Section) December 31 Stockholders' equity: Total paid-in capital Total stockholders' equity $
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