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United Apparel has the following balances in its stockholders' equity accounts on December 31, 2021: Treasury Stock, $680,000; Common Stock, $430,000; Preferred Stock, $1,900,000;

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United Apparel has the following balances in its stockholders' equity accounts on December 31, 2021: Treasury Stock, $680,000; Common Stock, $430,000; Preferred Stock, $1,900,000; Retained Earnings, $1,350,000; and Additional Paid-in Capital, $7,100,000. 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.) UNITED APPAREL Balance Sheet (Stockholders' Equity Section) December 31, 2021 Stockholders' Equity: Total Paid-in Capital 0 + Total Stockholders' Equity $ 0

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