United Apparel has the following balances in its stockholders equity accounts on December 31, 2018: Treasury Stock, $790,000; Common Stock, $540,000; Preferred Stock, $3,000,000; Retained Earnings, $1,900,000; and Additional Paid-in Capital, $8,200,000.

Required:

Prepare the stockholders equity section of the balance sheet for United Apparel as of December 31, 2018.

UNITED APPAREL
Balance Sheet
(Stockholders Equity Section)
December 31, 2018
Stockholders equity:
Total paid-in capital
Total stockholders equity