Quck Fox-lt Corporation was organized at the beginning of this year to operate several car repair businesses in a large metropolitan area. The charter issued by the state authorized the following stock Common stock, $15 par value, 99,100 shares authorized Preferred stock, $46 par value, 8 percent, 60.100 shares authorized During January and February of this year, the following stock transactions were completed a. Sold 78,300 shares of common stock at $30 cash per share. b. Sold 20,300 shares of preferred stock at $64 cash per share. c. Bought 5,800 shares of common stock from a current stockholder for $20 cash per share. Required: Net income for the year was $91,600; cash dividends declared and paid at year-end were $31,000. Prepare the stockholders' equity section of the balance sheet at the end of the year. (Amounts to be deducted should be indicated with a minus sign.) UICK FIX-IT CORPORAT Balance Sheet (Partial) al contributed Total stockholders