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, $17 par value, 98,800 shares authorized Preferred stock, $48 par value, 8 percent, 59,000 shares authorized During January and February of this year, the following stock transactions were completed: a. Sold 79,300 shares of common stock at $34 cash per share. b. Sold 21,200 shares of preferred stock at $76 cash per share. c. Repurchased 5,100 shares of common stock for $26 cash per share. Required: Net income for the year was $91,300; cash dividends declared and paid at year-end were $30,700. 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. Stockholders' equity: Contributed capital: QUICK FIX-IT CORPORATION Balance Sheet (Partial) At December 31 Additional paid-in capital, common stock Additional paid-in capital, preferred stock Preferred stock Common stock Total contributed capital Retained earnings Treasury stock $ 0