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(b) Prepare the current year stockholders' equity section of the balance sheet assuming that the company reports net income of $72,500 for the year. Use a negative sign with your answer for treasury stock. Stockholders' Equity Paid-in capital 8% Preferred stock, $19 par value, 50,000 shares authorized, 5,000 shares issued and outstanding $ 105,000 Common stock, $5 par value, 350,000 shares authorized; 140,000 shares issued 0 $ 0 Additional paid-in capital Paid-in capital in excess of par value-preferred stock O Paid-in capital in excess of par value-common stock O Paid-in capital from treasury stock 0 Total paid-in capital 0 O Retained earnings 0 O Less: Treasury stock (2,500 shares) at cost (use a negative sign with your answer) Total Stockholders' Equity $ O