Question: United Apparel has the following balances in its stockholders' equity accounts on December 31, 2012: Treasury Stock, $750,000; Common Stock, $500,000; Preferred Stock, $2,600,000; Retained Earnings, $1,700,000; and Additional Paid-in Capital, $7,800,000.
Required: Prepare the stockholders' equity section of the balance sheet for United Apparel as of December 31, 2012.