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United Apparel has the following balances in its stockholders' equity accounts on December 31, 2018: Treasury Stock, $700,000; Common Stock, $450,000; Preferred Stock, $2,100,000; Retained
United Apparel has the following balances in its stockholders' equity accounts on December 31, 2018: Treasury Stock, $700,000; Common Stock, $450,000; Preferred Stock, $2,100,000; Retained Earnings, $1,450,000; and Additional Paid-in Capital, $7,300,000. Required: Prepare the stockholders' equity section of the balance sheet for United Apparel as of December 31, 2018. (Amounts to be deducted should be indicated by a minus sign.) UNITED APPAREL Balance Sheet (Stockholders' Equity Section) December 31, 2018 Stockholders' equity: Total paid-in capital Total stockholders' equity 0
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