When Resisto Systems, Inc., was formed, the company was authorized to issue 5,000 shares of $100 par value, 8 percent cumulative preferred stock, and 100,000 shares of $2 stated value common stock. Half of the preferred stock was issued at a price of $104 per share, and 64,000 shares of the common stock were sold for $24 per share. At the end of the current year, Resisto has retained earnings of $382,000. a. Prepare the stockholders' equity section of the company's balance sheet at the end of the current year Stockholders' Equity Common stock Cumulative preferred stock 250,000 Additional paid-in capital Total paid-in capital Retained earnings $250,000 382,000 Total stockholders' equity $632,000