5. please solve

United Resources Company obtained a charter from the state in January of this year. The charter authorized 205,000 shares of common stock with a par value of $3. During the year, the company earned $487,000. Also during the year, the following selected transactions occutred in the order given: a. Sold 88,000 shares of the common stock in an initial public offering for $20 per share. b. Repurchased 28,000 shares of the previously issued shares for $23 per share and is holding them as treasury stock. c. Resold 8,000 shares of treasury stock for $26 per share. Required: 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