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Summit Apparel has the following accounts at December 31: Common Stock, $1 par value, 1,900,000 shares issued: Additional Paid-in Capital, $17.90 million; Retained Earnings, $10.90
Summit Apparel has the following accounts at December 31: Common Stock, $1 par value, 1,900,000 shares issued: Additional Paid-in Capital, $17.90 million; Retained Earnings, $10.90 million; and Treasury Stock, 59,000 shares, $1.298 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 (i.e, $5.5 million should be entered as 5,500,000).) SUMMIT APPAREL Balance Sheet Stockholders' Equity Section) December 31 Stockholders' equity: Total paid-in capital Total stockholders' equity
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