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Prom Night Formal Wear has the following stockholders' equity accounts at December 31, 2024: Common Stock, $1 par value. 1,000,000 shares, Additional Paid-in Capital, $24

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Prom Night Formal Wear has the following stockholders' equity accounts at December 31, 2024: Common Stock, \$1 par value. 1,000,000 shares, Additional Paid-in Capital, $24 million; Retained Earnings, $13 million; and Treasury Stock, 50,000 shares, $1,50 miltion. Required: Prepare the stockholders' equity section of the balance sheet. (Enter your answers in dollars, not in millions. For example, 5 million should be entered as 5,000,000. Amounts to be deducted should be indicated with a minus sign.) Prom Night Formal Wear has the following stockholders' equity accounts at December 31, 2024: Common Stock, \$1 par value. 1,000,000 shares, Additional Paid-in Capital, $24 million; Retained Earnings, $13 million; and Treasury Stock, 50,000 shares, $1,50 miltion. Required: Prepare the stockholders' equity section of the balance sheet. (Enter your answers in dollars, not in millions. For example, 5 million should be entered as 5,000,000. Amounts to be deducted should be indicated with a minus sign.)

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