Lucas Company was issued a charter by the state of Indlana on January $15$ of this year. The charter authorized the following:

Common stock, $$6$ par value, $104,000$ shares authorized

Preferred stock, $12$ percent, par value $$11$ per share, $5,000$ shares authorized

During the year, the following transactions took place in the order presented:

a$.$ Sold and issued $21,600$ shares of common stock at $$22$ cash per share.

b$.$ Sold and issued $1,700$ shares of preferred stock at $$26$ cash per share.

c$.$ At the end of the year, the company reported net income of $$41,100.$ No dividends were declared.

Required:

Prepare the stockholders' equity section of the balance sheet at the end of the year.

$\backslash$table$[[$LUCAS COMPANY,$],[,$Balance Sheet $($Partial$),],[,$At December $31,$ This year,$],[$Stockholders$\text{'}$ equity:,,$],[$Contributed capital:,,$],[,,],[,,],[,,],[,,],[,,],[$Total contributed capital,,$],[,,],[,,],[$Total stockholders' equity,,$]]$