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Exercise 10-17 (Algo) Prepare the stockholders' equity section (LO10-7) United Apparel has the following balances in its stockholders' equity accounts on December 31, 2024: Treasury Stock, $720,000; Common Stock, \$470,000; Preferred Stock, \$2,300,000; Retained Earnings, \$1,550,000; and Additional Paid-in Capital, \$7,500,000 Required: Prepare the stockholders' equity section of the balance sheet for United Apparel as of December 31, 2024. (Amounts to be deduct should be indicated by a minus sign.)