United Apparel has the following balances in its stockholders' equity accounts on December 31, 2024: Treasury Stock, $720,000; Common Stock, \$470,000, Preferred Stock, \$2,300,000 Retained Earnings, \$1,550,000, and Additional Paid-in Capital, $7,500,000, Required: Prepare the stockholders' equity section of the balance sheet for United Apparel as of December 31, 2024. Note: Amounts to be deducted should be indicated by a minus sign