Quick Fix-lt 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, $13 par value, 99,000 shares authorized Preferred stock, $46 par value, 8 percent, 60,600 shares authorized During January and February of this year, the following stock transactions were completed: a. Sold 79,500 shares of common stock at $26 cash per share. b. Sold 21,700 shares of preferred stock at $65 cash per share. c. Bought 4,200 shares of common stock from a current stockholder for $27 cash per share. Required: Net income for the year was $90,100; cash dividends declared and paid at year-end were $30,700. 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.)