United Apparel has the following balances in its stockholders' equity accounts on December 31, 2021: Treasury Stock, $730,000; Common Stock, $480,000; Preferred Stock, $2,400,000; Retained Earnings, $1,600,000; and Additional Paid- in Capital, $7,600,000. Required: Prepare the stockholders' equity section of the balance sheet for United Apparel as of December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.) Answer is not complete. UNITED APPAREL Balance Sheet (Stockholders' Equity Section) December 31, 2021 Stockholders' Equity: Preferred Stock $ 2,400,000 Common Stock 480,000 Total Paid-in Capital 2,880,000 Retained Earnings 1,600,000 Total Stockholders' Equity $ 4,480,000