Question: Brief Exercise 10-14 Prepare the stockholders' equity section (LO10-7) Summit Apparel has the following accounts at December 31: Common Stock $1 par value 1,300,000 shares

Brief Exercise 10-14 Prepare the stockholders' equity section (LO10-7) Summit Apparel has the following accounts at December 31: Common Stock $1 par value 1,300,000 shares issued: Additional Paid in Capital $17.30 million; Retained Earnings, $10.30 million and Treasury Stock 53,000 shares. $1166 million Prepare the stockholders' equity section of the balance sheet. (Amounts to be deducted should be indicated by o minus sign. Enter your answer in dollars, not millions. For example, $5.5 million should be entered as 5.500,000.) SUMMIT APPAREL Balance Sheet (Stockholders' Equity Section) December 31 Stockholders' equity Total Pardin Capital Total Stockholders' Equity

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