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, $16 par value, 98,100 shares authorized Preferred stock, $50 par value, 8 percent, 61,000 shares authorized During January and February of this year, the following stock transactions were completed: a. Sold 79,400 shares of common stock at $32 cash per share. b. Sold 21,700 shares of preferred stock at $77 cash per share. c. Bought 5,400 shares of common stock from a current stockholder for $23 cash per share. Required: Net income for the year was $92,000; cash dividends declared and paid at year-end were $30,100. Prepare the stockholders' equity section of the balance sheet at the end of