Summit Apparel has the following accounts at December 31: Common Stock, $1 par value, 1,800,000 shares issued; Additional Paid-in Capital, $17.80 million; Retained Earnings, $10.80 million; and Treasu


Summit Apparel has the subjoined accounts at December 31: Common Stock, $1 par appraise, 1,800,000 shares issued; Additional Paid-in Capital, $17.80 darling; Retained Earnings, $10.80 darling; and Treasury Stock, 58,000 shares, $1.276 darling.

Prepare the stockholders’ equity exception of the neutralize subterfuge.

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