United Apparel has the following balances in its stockholders' equity accounts on December 31, 2024: Treasury Stock, $800,000; Common Stock, $550,000; Preferred Stock, $3,100,000; Retained Earnings, $1,950,000; and Additional Paid-in Capital, $8,300,000. 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.) UNITED APPAREL Balance Sheet (Stockholders' Equity Section) December 31, 2024

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