Finishing Touches has two classes of stock authorized: 8%, $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 common stock for $34 per share.
February		6		Issues 2,900 shares of 8% preferred stock for $12 per share.
September		10		Purchases 10,000 shares of its own common stock for $39 per share.
December		15		Resells 5,000 shares of treasury stock at $44 per share.

In its first year of operations, Finishing Touches has net income of $159,000 and pays dividends at the end of the year of $95,000 ($1 per share) on all common shares outstanding and $2,320 on all preferred shares outstanding.

FINISHING TOUCHES
Balance Sheet
(Stockholders Equity Section)
December 31, 2021
Stockholders equity:
Total paid-in capital
Total stockholders equity