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, $14 par value, 99, 100 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, 700 shares of common stock at $28 cash per share. b. Sold 21, 500 shares of preferred stock at $65 cash per share. c. Bought 5, 800 shares of common stock from a current stockholder for $12 cash per share. Net income for the year was $90, 100; cash dividends declared and paid at year-end were $30, 800. 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.)