K B-Wireless Wireless needed additional capital to expand, so the business incorporated. The charter from the state of Georgia authorizes B-Wireless to issue 90,000 shares of 5%, $50 par value cumulative preferred stock and 160,000 shares of $5 par value common stock. During the first month, 8-Wireless completed the following transactions: Requirement 2. Prepare the stockholders' equity section of B-Wireless's balance sheet at October 31, 2024. Assume B-Wireless's net income for the month was $88,000. (Assume all temporary accounts have been closed prior to preparing the stockholders' equity section of the balance sheet) B-Wireless Wireless Balance Sheet (Partial) October 31, 2024 Stockholders' Equity Paid-In Capital: Total Paid-In Capital Total Stockholders' Equity