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Pacific Apparel has the following accounts at December 31: Common Stock, $1 par value, 1,100,000 shares issued; Additional Paid-in Capital, $17.10 million; Retained Earnings, $10.10
Pacific Apparel has the following accounts at December 31: Common Stock, $1 par value, 1,100,000 shares issued; Additional Paid-in Capital, $17.10 million; Retained Earnings, $10.10 million; and Treasury Stock, 51,000 shares, $1.122 million. Prepare the stockholders equity section of the balance sheet.
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