Quick Fix$-$It 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, $$12$ par value, $98,600$ shares authorized

Preferred stock, $$44$ par value, $8$ percent, $60,900$ shares authorized

During January and February of this year, the following stock transactions were completed:

a$.$ Sold $79,000$ shares of common stock at $$24$ cash per share.

b$.$ Sold $21,400$ shares of preferred stock at $$77$ cash per share.

c$.$ Bought $4,700$ shares of common stock from a current stockholder for $$12$ cash per share.

Required:

Net income for the year was $$92,000$; cash dividends declared and paid tarear$-$end were $$30,400.$ 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.$)$