quick fix-it 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: common stock, $12 par value, 99,500 shares authorized preferred stock, $49 par value, 8 percent, 60,000 shares authorized during january and february of this year, the following stock transactions were completed: a. sold 78,100 shares of common stock at $24 cash per share. b. sold 20,600 shares of preferred stock at $78 cash per share. c. bought 4,300 shares of common stock from a current stockholder for $20 cash per share. required: net income for the year was $91,300; cash dividends declared and paid at year-end were $30,100. prepare the stockholders' equity section of the balance sheet at the end of the year. (amounts to be deducted should be indicated with a minus sign.)