Witt Corporation received its charter during January 2014. The charter authorized the following capital stock: Preferred stock: 10 percent, par $13. authorized 22,700 shares Common stock: par 511 authorized 51,300 shares During 2014, the following transactions occurred in the order given: a. Issued a total of 39,100 shares of the common stock to the four organizers at $15 per share. b. Sold 5,600 shares of the preferred stock at $19 per share. c. Sold 3,900 shares of the common stock at $18 per share and 2.400 shares of the preferred stock at $29. d. Net income for the year was $62,000. Required: Prepare the Stockholders' Equity section of the balance sheet at December 31, 2014. (Amounts to be deducted should be indicated with a minus sign.) Contributed capital: Total contributed capital Stockholders' equity: Preferred stock Total stockholders' equity