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Jnited Apparel has the following balances in its stockholders' equity accounts on December 31, 2024: Treasury Stock, $750,000; Common Stock, $500,000; Preferred Stock, $2,600,000; Retained

image text in transcribed Jnited Apparel has the following balances in its stockholders' equity accounts on December 31, 2024: Treasury Stock, $750,000; Common Stock, \$500,000; Preferred Stock, \$2,600,000; Retained Earnings, \$1,700,000; and Additional Paid-in Capital, \$7,800,000. Required: Prepare the stockholders' equity section of the balance sheet for United Apparel as of December 31, 2024. (Amounts to be deducted hould be indicated by a minus sign.)

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