Lucas Company was issued a charter by the state of Indiana on January 15 of this year. The charter authorized the following: Common stock, $6 par value, 123,000 shares authorized Preferred stock, 14 percent, par value $11 per share, 5,200 shares authorized During the year, the following transactions took place in the order presented: a. Sold and issued 20,400 shares of common stock at $22 cash per share. b. Sold and issued 1,400 shares of preferred stock at $26 cash per share. c. At the end of the year, the company reported net income of $40,100. No dividends were declared. Required: 1. Prepare the stockholders' equity section of the balance sheet at the end of the year. 1. Prepare the stockholders' equity section of the balance sheet at the end of the year. \begin{tabular}{|l|l|l|} \hline Contributed capital: & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline Total contributed capital & & \\ \hline & & \\ \hline Total stockholders' equity & & \\ \hline \end{tabular}