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Prom Night Formal Wear has the following stockholders' equity accounts at December 31, 2021: Common Stock, $1 par value, 1,200,000 shares; Additional Paid-in Capital, $21
Prom Night Formal Wear has the following stockholders' equity accounts at December 31, 2021: Common Stock, $1 par value, 1,200,000 shares; Additional Paid-in Capital, $21 million; Retained Earnings, $14 million; and Treasury Stock, 50,000 shares, $1.15 million. Prepare the stockholders' equity section of the balance sheet. (Enter your answers in dollars, not in millions. Amounts to be deducted should be indicated with a minus sign.)
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