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. $13 par value, 99,200 shares authorized Preferred stock. $47 par value, 8 percent 60,900 shares authorized During January and February of this year, the following stock transactions were completed: a. Sold 78.100 shares of common stock at $26 cash per share. b. Sold 20,700 shares of preferred stock at $71 cash per share. c Bought 4,200 shares of common stock from a current stockholder for $18 cash per share Required: Net income for the year was $90,200: cash dividends declared and paid at year-end were $30,800. 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) QUICK FIX-HT CORPORATION Balance Sheet (Partial At December 31. This year Stockholders' equity Contributed capital Common stock Additional paid-in capital, common stock Preferred stock Additional paid-in capital, preferred stock + $ 0 Total contributed capital Retained earnings $ 0 Total contributed capital and retained earnings Treasury stock Total stockholders' equity $ 11