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Summit apparel has the following accounts at December 31,: Common stock, $1 par value , 1800000 share issued; Paid-in Capital, $17.80 million; Retained Earnings, $10.80 million; and Treasury Stock, 58

Summit apparel has the following accounts at December 31,: Common stock, $1 par value , 1800000 share issued; Paid-in Capital, $17.80 million; Retained Earnings, $10.80 million; and Treasury Stock, 58000 shares, $1276 million.Prepare the stockholders’ equity section of the balance sheet.(Amounts to be deducted should be indicated with a minus sign. Enter your answers in dollars, not in millions.)

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*************** APPARELBalance ******************* Equity **************** *************** ************* stock1800000Additional ******** ********************* ******************************* earnings10800000Treasury ****************** Stockholders' **************

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