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United Apparel has the following balances in its stockholders' equity accounts on December 31, 2024: Treasury Stock, $820,000; Common Stock, $570,000; Preferred Stock, $3,300,000; Retained

image text in transcribed United Apparel has the following balances in its stockholders' equity accounts on December 31, 2024: Treasury Stock, $820,000; Common Stock, $570,000; Preferred Stock, $3,300,000; Retained Earnings, $2,050,000; and Additional Paid-in Capital, $8,500,000. Required: Prepare the stockholders' equity section of the balance sheet for United Apparel as of December 31, 2024. (Amounts to be deducted should be indicated by a minus sign.)

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