Quick Fix$-$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, $$11$ par value, $99,100$ shares authorized

Preferred stock, $$47$ par value, $8$ percent, $60,000$ shares authorized

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

a$.$ Sold $79,400$ shares of common stock at $$22$ cash per share.

b$.$ Sold $21,500$ shares of preferred stock at $$63$ cash per share.

c$.$ Repurchased $4,300$ shares of common stock for $$22$ cash per share.

Required:

Net income for the year was $$91,700$; cash dividends declared and paid at year$-$end were

$$31,700.$ Prepare the stockholders' equity section of the balance sheet at the end of the year.

Note: Amounts to be deducted should be indicated with a minus sign.