Quick Fix -it Corporation was organized in January 2014 to operate several car repair businesses in a large metropolitan area. The charter issued by the state authorized the following capital stock: Common stock, $17 par value, 99.600 shares Preferred stock, $45 par value. 8 percent. 60,100 shares During January and February 2014. the following stock transactions were completed: a. Sold 78,100 shares of common stock at $34 per share and collected cash. b. Sold 20,400 shares of preferred stock at $66 per share: collected the cash and immediately issued the stock. c. Bought 5,200 shares of common stock from a current stockholder for $16 per share. Required: Net income for 2014 was $92,000: cash dividends declared and paid at year-end were $30,300. Prepare the stockholders' equity section of the balance sheet at December 31. 2014. (Amounts to be deducted should be indicated with a minus sign.) QUICK FIX -IT CORPORATION Balance Sheet (Partial) At December 31, 2014 Stockholders' equity Contributed capital Total contributed capital Total stockholders equity