Quick Fix$-$lt Corporation was organized at the beginning of this year to operate several car repair businesses in a large metropolitan

area. The charter issued by the state authorized the following stock:

$1\mathrm{.}66$ Common stock, $$17$ par value, $99,400$ shares authorized

points Preferred stock, $$47$ par value, $8$ percent, $59,500$ shares authorized

During January and February of this year, the following stock transactions were completed:

a$.$ Sold $78,200$ shares of common stock at $$34$ cash per share.

b$.$ Sold $21,100$ shares of preferred stock at $$65$ cash per share.

c$.$ Repurchased $5,400$ shares of common stock for $$26$ cash per share.

Required:

Net income for the year was $$90,700$; cash dividends declared and paid at year$-$end were $$30,200.$ Prepare the stockholders' equity

section of the balance sheet at the end of the year.

Note: Amounts to be deducted should be indicated with a minus sign.

Answer is not complete.