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, $15 par value, 99, 700 shares authorized Preferred stock, $44 par value, 8 percent, 59, 700 shares authorized During January and February of this year, the following stock transactions were completed: a. Sold 78, 900 shares of common stock at $30 cash per share. b. Sold 21, 600 shares of preferred stock at $75 cash per share. c. Bought 5, 300 shares of common stock from a current stockholder for $13 cash per share. Required: Net income for the year was $91, 900; cash dividends declared and paid at year-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.)