January 2 Issues 100,000 shares of common stock for $18 per share. February 6 Issues 1,300 shares of 74 preferred stock for $13 per share. September 10 Purchases 12,000 shares of its own common stock for $23 per share. December 15 Resells 6,000 shares of treasury stock at $28 per share. In its first year of operations, Finishing Touches has net income of $143,000 and pays dividends at the end of the year of $94,000 ($1 per share) on all common shares outstanding and $910 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 S 100,000 Preferred stock 42,000 Additional paid-in capital Total paid-in capital Retained earnings Treasury stock 113,000 49,000 (120,000) Total stockholders equity $ 42.000