ces 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, $12 par value, 98,900 shares authorized Preferred stock, $48 par value, 8 percent, 60,000 shares authorized During January and February of this year, the following stock transactions were completed: a. Sold 78,900 shares of common stock at $24 cash per share. b. Sold 21,500 shares of preferred stock at $70 cash per share. c. Repurchased 4,100 shares of common stock for $16 cash per share. Required: Net income for the year was $91,200; cash dividends declared and paid at year-end were $31,300. 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 FIX-IT CORPORATION Balance Sheet (Partial) At December 31 Total contributed capital es Stockholders' equity: Contributed capital: QUICK FIXAT CORPORATION Balance Sheet (Partial) At December 31 Total contributed capital Total stockholders' equity