Finishing touches has two classes of stock authorized: 7%, $10 par preferred, and $1 par value common. the following transactions affect stockholders' equity during 2021, its first year of operations: january 2 issues 100,000 shares of common stock for $27 per share. february 6 issues 2,200 shares of 7% preferred stock for $13 per share. september 10 purchases 12,000 shares of its own common stock for $32 per share. december 15 resells 6,000 shares of treasury stock at $37 per share. in its first year of operations, finishing touches has net income of $152,000 and pays dividends at the end of the year of $94,000 ($1 per share) on all common shares outstanding and $1,540 on all preferred shares outstanding. prepare the stockholders' equity section of the balance sheet for finishing touches as of december 31, 2021.