Required information [The following information applies to the questions displayed below.] Brice Company completed the following transactions in Year 1, the first year of operation: 1. Issued 40,000 shares of no-par common stock for $10 per share. 2. Issued 8,000 shares of $20 par, 6 percent, preferred stock for $20 per share. 3. Paid a cash dividend of $9,600 to preferred shareholders. 4. Issued a 10 percent stock dividend on no-par common stock. The market value at the dividend declaration date was $12 per share. 5. Later that year, issued a 2-for-1 split on the shares of outstanding common stock. The market price of the stock at that time was $50 per share. 6. Produced $140,000 of cash revenues and incurred $72,000 of cash operating expenses. 7. Closed the revenue, expense, and dividend accounts to retained earnings. S -Prepare the stockholders' equity section of the balance sheet at the end of Year 1. BRICE COMPANY Balance Sheet (Partial) As of December 31, Year 1 Stockholders' equity Total paid-in capital Total stockholders' equity