Required information CP11-1 (Algo) Analyzing Accounting Equation Effects, Recording Journal Entries, and Preparing a Partial Balance Sheet Involving Stock Issuance, Purchase, and Reissuance Transactions [LO 11-2] [The following information applies to the questions displayed below] Worldwide Company obtained a charter from the state in January that authorized 200,000 shares of common stock, $10 par value. During the first year, the company earned $39,100 and declared no dividends, the following selected transactions occurred in the order given a. Issued 69,000 shares of the common stock at $12 cash per share. b. Reacquired 2,900 shares at $15 cash per share from stockholders; the shares are now held in treasury c. Reissued 1,450 of the shares in transaction (b) two months later at $18 cash per share. CP11-1 (Algo) Part 3 3. Prepare the stockholders' equity section of the balance sheet at December 31. TIP: Because this is the first year of operations, Retained Earnings has a zero balance at the beginning of the year. (Amounts to be deducted should be indicated by a minus sign.) Contributed Capital WORLDWIDE COMPANY Balance Sheet (Partial) At December 31 Stockholders' Equity Total Contributed Capital Total Total Stockholders' Equity $ 0