Kathleen's Company sells custom-fit dresses made out of recycled inaterials. Her company has potten so popilar recently that she even sold a diess to Kendali Jenner. Kathleen's Company received its charter during January of this year The charter athorited the following stock Preferred stock 10 percent, $12 par value, 21,200 shares authorized Common stock: $10 par value, 52,000 shares authorized Duning the veat, the following transactions eccurred in the order given: a. Issued 39,900 shales of the common stock for 514 per share b. Sold 7,500 shares of the preferred stoxk for $18 per share. c. Sold 4,700 shares of the common stock for $17 per share and 2300 thares of the preferred stock for $288 per thare d. Net income for the year was $51,000 Pequired: Prepare the stocktoiders equity section of the batance sheet at the end of the year