An easy to follow explanation of how to do this would be appreciated! Thank you!

Finishing Touches has two classes of stock authorized: 8%, $10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2021, its first year of operations: January 2 Issues 100,000 shares of common stock for $34 per share. February 6 Issues 2,900 shares of 8% preferred stock for $12 per share. September 19 Purchases 10,000 shares of its own common stock for $39 per share. December 15 Resells 5, eee shares of treasury stock at $44 per share. In its first year of operations, Finishing Touches has net income of $159.000 and pays dividends at the end of the year of $95.000 ($1 per share) on all common shares outstanding and $2.320 on all preferred shares outstanding Required: Prepare the stockholders' equity section of the balance sheet for Finishing Touches as of December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.) FINISHING TOUCHES Balance Sheet (Stockholders' Equity Section) December 31, 2021 Stockholders' equity: Preferred stock Common stock Additional paid in capital 0 Total paid-in capital Retained earnings Basta ANISHING TOUCHES Balance Sheet (Stockholders' Equity Section) December 31, 2021 Stockholders' equity: Preferred stock Common stock Additional paid-in capital Total paid-in capital Retained earnings Treasury stock Total stockholders' equity $ 0