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, S15 par value, 99,200 shares authorized Preferred stock, $46 par value, 8 percent, 59,600 shares authorized During January and February of this year, the following stock transactions were completed: a Sold 79,200 shares of common stock at $30 cash per share b. Sold 21,100 shares of preferred stock at $60 cash per share. c. Bought 5,800 shares of common stock from a current stockholder for $23 cash per share. Required: Net income for the year was $91, 100, cash dividends declared and paid at year-end were $31,500. 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 year Stockholders equity: Contributed Capital Common stock $ 1,188,000 Preferred stock 970,600 Additional paid-in capital, common 1,188,000 Additional paid-in capital, preferred OOO X Total contributed capital 3,346,600 X X Total contributed capital and retained earnings 3,346,600 X X Total stockholders' equity S 3.346,600 Red to indicate ng response was expected in a celor a formula-based calculation is incorrects no points deducted