area. The charter issued by the state authorized the following stock Common stock $13 par value, 98.500 shares authorized Preferred stock, $46 par value, 8 percent, 60,300 shares authorized During January and February of this year, the following stock transactions were completed: a. Sold 79,900 shares of common stock at $26 cash per share b. Sold 20,900 shares of preferred stock at $69 cash per share Repurchased 4,300 shares of common stock for $27 cash per share. Required: Net income for the year was $91100, cash dividends declared and paid at year-end were $30,200, Prepare the stockholders' equity section of the balance sheet at the end of the year Note: Amounts to be deducted should be indicated with a minus sign. Stockholders' equity Contributed capital QUICK FIXIT CORPORATION Balance Sheet (Partial) At December 31 Total canibuted capital ful adherity S