Summit Apparel has the following accounts at December 31: Common Stock, $1 par value, 1,600,000 shares issued; Additional Paid-in Capital, $17.60 million; Retained Earnings, $10.60 million; and Treasury Stock, 56,000 shares, $1.232 million.

Prepare the stockholders equity section of the balance sheet.

SUMMIT APPAREL
Balance Sheet
(Stockholders' Equity Section)
December 31
Stockholders' equity:
Total paid-in capital	0
Total stockholders' equity	$0