E11-5 Determining the Effects of the Issuance of Common and Preferred Stock [LO 11-2, LO 11-4) Inside Incorporated was issued a charter on January 15 authorizing the following capital stock Common stock, 36 par, 100,000 shares, one vote per share Preferred stock, percent, par value $10 per share, 5,000 shares, nonvoting. The following selected transactions were completed during the first year of operations in the order giver a. Issued 30,000 shares of the $6 par common stock at $13 cash per share. b. Issued 4,000 shares of preferred stock at $17 cash per share c. At the end of the year, the accounts showed net income of $48.000 Required: 1. Prepare the stockholders' equity section of the balance sheet at December 31. INSIDE INCORPORATED Balance Sheet (Partial) At December 31 Stockholders' Equity Contributed Capital: Total Contributed Capital 0 Total Stockholders' Equity $ 0 ro