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, $20 par value, 99,700 shares authonzed Preferred stock, $46 par value, 8 percent, 60,300 shares authorized During January and February of this year, the following stock transactions were completed a. Sold 79,800 shares of common stock at $40 cash per share b. Sold 20,200 shares of preferred stock at $77 cash per share c. Bought 4,200 shares of common stock from a current stockholder for $20 cash per share. Required: Net income for the year was $90,300; cash dividends declared and paid at year-end were $31,300. 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-IT CORPORATION Balance Sheet (Partial) At December 31, This Stockholders' equity Contributed Capital: Total contributed capital Total contributed capital and retained earnings Total stockholders' equity