Check my work United Resources Company obtained a charter from the state in January of this year. The charter authorized 201,000 shares of common stock with a par value of $2. During the year, the company earned $491,000. Also during the year, the following selected transactions occurred in the order given: a. Sold 83,000 shares of the common stock in an initial public offering for $13 per share. b. Repurchased 29,000 shares of the previously issued shares for $16 per share and is holding them as treasury stock. c. Resold 9,000 shares of treasury stock for $19 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. ces repare in 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. Stockholders' equity: Contributed capital: Common stock UNITED RESOURCES COMPANY Additional paid-in capital Balance Sheet (Partial) At December 31, This year Total contributed capital Retained earnings Treasury stock Total stockholders' equity $ 166,000 $ 166,000 (320,000) $ (154,000)