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 authonzed the following stock: Common stock, $13 par value. 99,800 shares authorized Preferred stock, $41 par value, 8 percent, 59,400 shares authorized During January and February of this year, the following stock transactions were completed: a. Sold 79,000 shares of common stock at $26 cash per share b. Sold 20,100 shares of preferred stock at S74 cash per share c. Bought 5,300 shares of common stock from a current stockholder for $11 cash per share Required: Net income for the year was $91,400, cash dividends declared and paid at year-end were $30,600 Prepare the stockholders' equity section or 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 Total contributed capital Total contributed capital and retained earnings Total stockholders' equity