Finishing Touches has two classes of stock authorized 8%. 510 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 $25 per share. February 6 Issues 1,000 shares of preferred stock for $12 per shart September 10 Purchases 10,000 shares of its common stock for $20 per share. December 15 Resells 5,000 shares of treasury, stock at 333 per share. In its first year of operations, Finishing Touches has net income of $148,000 and pays dividends at the end of the year of 595,000 (51 per share on all common shares outstanding and $1.440 on all preferred shares outstanding Required: Prepare the stockholders' equity section of the balance street for Finishing Touches as of December 31, 2021 (Amounts to be deducted should be indicated by a minus sign) FINISHING TOUCHES Balance Sheet Stockholders' Equity Section) December 31, 2021 Stockholders' equity Total paid.in capital $ Tatal sockholders guilty