Finishing ches has two classes o sock aut onzed. 7%. S 10 par preferred, and Si par value common. The follow ng transactions affect stockholders equity during 2018 its first year operations. January 2 issues 100,000 shares of common stock for 530 per share February 6 issues 2,500 shares of 7% preferred stock for S 13 per share. September 10 Repurchases 12,000 shares of its own common stock for $35 per share. December 15 ReissueS 6,000 shares of treasury stock at $40 per share In its irst year of operations, Finishing Touches has net income of 3155,000 and pays dividends at the end of the year of 594,000 (51 per share) on all common shares outstanding and $1,750 on all preferred shares outstanding. Required Prepare the stockholders' equity section ar the balance sheet tor Finishing Touches as of December 31, 2018 (Amounts to be deducted should be Indicated by a minus sign.) FINISHING T Balance Sheet (Stockholders' Equity Section) December 31, 2018 Stockholders equity: non siock 100 000 25,000 referred stock Additional paid-in capital Tolal paid-in capial 125,D00 Tolal stockholders equity 125,000