A corporation had \(\$ 375,000\) of common stock issued and outstanding during all of 199B. It began the year with \(\$ 95,000\) of retained earnings, and it declared and paid \(\$ 30,000\) of cash dividends to its stockholders. It also earned a \(\$ 75,000199 \mathrm{~B}\) net income. Prepare the equity section of the corporation's year-end balance sheet.