am Required information [The following information applies to the questions displayed below) Tarrant Corporation was organized this year to operate a financial consulting business. The charter authorized the following stock: common stock, $19 par value, 11,800 shares authorized. During the year, the following selected transactions were completed: a. Sold 5,600 shares of common stock for cash at $38 per share. b. Sold 1,700 shares of common stock for cash at $43 per share. c. At year-end, the accounts reflected income of $6,200. No dividends were declared. 2. Prepare the stockholders' equity section as it should be reported on the year-end balance sheet. (Amounts to be deducted should be indicated by a minus sign.) Stockholders' equity Contributed capital Total contributed capital TARRANT CORPORATION Balance Sheet (Partial) At December 31, This year Total stockholders' equity $ ol Saved