United Resources Company obtained a charter from the state in January of this year. The charter authorized 203,000 shares of common stock with a par value of $2. During the year, the company earned $484,000 Also during the year, the following selected transactions occurred in the order given:
a. Sold 95,000 shares of the common stock in an initial public offering at $19 cash per share.
b. Repurchased 25,000 shares of the previously issued shares at $22 cash per share.
c. Resold 5,000 of the shares of the treasury stock at $25 cash per share.

Required:
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.)