Tandy Company was issued a charter by the state of Indiana on January 15 of this year. The darter authorized the following Common stock, $10 par value, 103,000 shares authorized Preferred stock, 9 percent, par value $8 per share, 4,000 shares authorized During the year, the folowing transactions took place in the order presented a Sold and issued 20,000 shares of common stock at $16 cash per share, b. Sold and issued 3,000 shares of prelemed stock at $20 cash per share. c Althe end of the year, the accounts showed net income of S60,000. No dividends were declared Required: 1.Prepare the stockholders' equity section ofthe balance sheet at the end of the year Total stockholders' equity O Ask me anything