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, $11 par value, 99,900 shares authorized Preferred stock, $41 par value, 8 percent, 60,100 shares authorized During January and February of this year, the following stock transactions were completed: a. Sold 79,800 shares of common stock at $22 cash per share. b. Sold 20,000 shares of preferred stock at $79 cash per share. c. Bought 4,300 shares of common stock from a current stockholder for $14 cash per share. Required Net income for the year was $91,900; cash dividends declared and paid at year-end were $31,600. 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: Total contributed capital Total contributed capital and retained earnings Total stockholders' equity