Common stock, $11 par value, 98,400 shares authorized Preferred stock, $46 par value, 8 percent, 59,600 shares authorized During January and February of this year, the following stock transactions were completed: a. Sold 79,400 shares of common stock at $22 cash per share. b. Sold 21,000 shares of preferred stock at $71 cash per share. c. Repurchased 4,900 shares of common stock for $15 cash per share. Required: Net income for the year was $90,600; cash dividends declared and paid at year-end were $30,500. 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: Common stock Preferred stock QUICK FIX-IT CORPORATION Balance Sheet (Partial) At December 31 Additional paid-in capital, common stock Additional paid-in capital, preferred stock Total contributed capital Retained earnings Treasury stock Total stockholders' equity $ 0 0