2 Tandy Company was issued a charter by the state of Indiana on January 15 of this year. The charter authorized the following Preferred stock, 9 percent, par value $6 per share, 5,900 shares authorized During the year, the following transactions took place in the order presented a Sold and issued 21,800 shares of common stock at $12 cash per share. b. Sold and issued 1,100 shares of preferred stock at $16 cash per share. c. At the end of the year, the accounts showed net income of $40,300. No dividends were declared. 1. Prepare the stockholders' equity section of the balance sheet at the end of the year. Balance Sheet (Partial 5