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Summit Apparel has the following accounts at December 31: Common Stock, $1 par value. 1,700,000 shares issued; Additional Paid-in Capital, $16.30 million; Retained Earnings,
Summit Apparel has the following accounts at December 31: Common Stock, $1 par value. 1,700,000 shares issued; Additional Paid-in Capital, $16.30 million; Retained Earnings, $9.30 million; and Treasury Stock, 43,000 shares. $0.946 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.) SUMMIT APPAREL Balance Sheet (Stockholders' Equity Section) Stockholders' equity December 31 Total Paid-in Capital Total Stockholders' Equity
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