Chapter 11 Homework Help Save & Exit Check 10 2 points United Resources Company obtained a charter from the state in January of this year. The charter authorized 200.000 shares of common stock with a par value of $1. During the year the company earned $590.000. Also during the year the following selected transactions occurred in the order olven a Sold 100,000 shares of the common stock in an initial public offering for 512 per share b. Repurchased 20 000 shares of the previously issued shares for $15 per share. c. Resold 5.000 shares of treasury stock for $18 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.) soos UNITED RESOURCES COMPANY Balance Sheet(Partial At December 21, This year ferences Stockholders equity Contributed capital Total contributed capital 0 Total contributed capital and retained earings D Total stockholders' equity $ 0