Presentation of Stockholders' Equity Meister Enterprises a newly organized corporation, engaged in the following stockholders' equity activities: a. Secured approval for a corporate charter that authorizes Meister to sell 500,000, $10 par common shares and 40,000, $100 par preferred shares. b. Sold 60,000 of the common shares for $16 per share. c. Sold 2,000 of the preferred shares for $102 per share. d. Repurchased 550 shares of the common stock at a cost of $12 per share. e. Earned net income of $31,300. f. Paid dividends of $6,000. Required: Prepare the stockholders' equity portion of Meister's balance sheet after accounting for these activities. Meister Enterprises Balance Sheet (Partial) December 31, 20XX Stockholders' Equity: Additional paid-in capital: Total additional paid-in capital Total capital stock Total stockholders' equity