Finishing Touches has two classes of stock authorized: 9%, $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 $26 per share. February 6 Issues 2,100 shares of 98 preferred stock for $11 per share. September 10 Purchases 11,000 shares of its own common stock for $31 per sbare. December 15 Resells 5,500 shares of treasury stock at $36 per share. In its first year of operations, Finishing Touches has net income of $151,000 and pays dividends at the end of the year of $94,500 ($1 per share) on all common shares outstanding and $1,890 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.) FINISHING TOUCHES Balance Sheet (Stockholders' Equity Section) December 31, 2021 Stockholders' equity: Total paid-in capital 0 Total stockholders' equity $ 0