Finishing Touches has two classes of stock authorized: 7%, $10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2021, its first year of operations: January 2 Issues 100,000 shares of connon stock for $30 per share. February 6 Issues 2,500 shares of 7 preferred stock for $13 per share. September 10 Purchases 12,000 shares of its own common stock for $35 per share. December 15 Resells 6,000 shares of treasury stock at $40 per share. In its first year of operations, Finishing Touches has net income of $155,000 and pays dividends at the end of the year of $94,000 ($1 per share) on all common shares outstanding and $1,750 on all preferred shares outstanding Required: Prepare the stockholders equity section of the balance sheet for Finishing Touches as of December 31, 2021 (Amounts to be deducted should be indicated by a minus sign.) Answer is not complete. FINISHING TOUCHES Balance Sheet (Stockholders'Equity Section) December 31, 2021 Stockholders' equity Common stock Os 3,000,000 Additional paid in capital Common stock 3.000.000 lo Total paid-in capital 6,000,000 Total stockholders' equity $ 6.000.000