+ E11-9 (Algo) Determining the Effects of Transactions on Stockholders' Equity LO11-1, 11-3, 11-7, 11-8 Quick Fix-lt 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, $19 par value, 98,900 shares authorized Preferred stock, $46 par value, 8 percent, 61,000 shares authorized During January and February of this year, the following stock transactions were completed: o. Sold 79,600 shares of common stock at $38 cash per share b. Sold 21700 shares of preferred stock at $73 cash per share. c. Bought 4,400 shares of common stock from a current stockholder for $18 cash per share Required: Net income for the year was $90,900, cash dividends declared and paid at year-end were $31,500. Prepare the stockholders' equity section of the balance sheet at the end of the year. (Amounts to be deducted should be indicated with a minus sign.) ht nces