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Lucas Company was issued a charter by the State Of Indiana on January 15 Of this year. The charter authorized the following: Common stock. SS oar value. 110.000 shares authorized Preferred stock, 14 percent, par value SII per share, 5,600 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 S22 cash per Share. b. Sold and issued 2.000 shares Of preferred stock at S26 cash per share. c. At the end Of the year. the company reported net income Of $41700_ No dividends were declared. Required: I. Prepare the stockrdders' equity section of the balance sheet at the end ofthe year. Balance Sheet (Partial) Stockholders" equity: Contributed capital: n sto ck stock Additional paid-in CQ stock Additional paid-in capital. "eferred stock Total contributed Capital Retained earnings Total 41.700 41.700