Question: pls answer the whole question and show work ty Tandy Company was issued a charter by the state of Indiana on January 15 of this

pls answer the whole question and show work ty

Tandy Company was issued a charter by the state of Indiana on January 15 of this year. The charter authorized the following: Common stock, $8 par value, 109,000 shares authorized Preferred stock, 12 percent, par value $9 per share, 4,600 shares authorized During the year, the following transactions took place in the order presented: a. Sold and issued 20,500 shares of common stock at $18 cash per share. b. Sold and issued 1,600 shares of preferred stock at $22 cash per share. c. At the end of the year, the accounts showed net income of $40,900. No dividends were declared. Required: 1. Prepare the stockholders' equity section of the balance sheet at the end of the year. TANDY, INCORPORATED Balance Sheet (Partial) At December 31, this year Stockholders' equity Contributed capital: Total contributed capital Total stockholders' equity

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