2.00 points Quick Fix-It Corporation was organized at the beginning of this year to operate several car repair businesses in a large metropolitan area. The charter issued by the state authorized the following stock: Common stock, $19 par value, 99,700 shares authorized Preferred stock, $47 par value, 8 percent, 59,600 shares authorized During January and February of this year, the following stock transactions were completec a. Sold 79,300 shares of common stock at $38 cash per share b. Sold 21,100 shares of preferred stock at $60 cash per share c. Bought 5,800 shares of common stock from a current stockholder for $12 cash per share Required Net income for the year was $90,600; cash dividends declared and paid at year-end were $31,700. Prepare the stockholders' equity section of the balance sheet at the end of the year. (Amounts to be deducted should be indicated with a minus sign.) QUICK FIX Balance Sheet (Partial) At December 31, This Contributed Capital: Total contributed capital Total contributed capital and retained eamings