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, $16.70 million; Retained Earnings, $9.70 million; and Treasury Stock, 47,000 shares. $1.034 million Prepare the stockholders' equity section of the balance sheet. (Amounts to be deducted should be indicated by a minus sign. Enter your answer in dollars, not millions. For example, $5.5 million should be entered as 5,500,000.) Answer is complete but not entirely correct. SUMMIT APPAREL Balance Sheet (Stockholders' Equity Section) December 31 Stockholders' equity: Common Stock 1,300,000 Additional Paid in Capital 15,400 000 Total Paid in Capital Retained Earnings Treasury Stock 16,700,000 9,700,000 (1,034,000) Total Stockholders' Equity $ 25,366,000