Required Information CP11-1 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 $38.600, declared no dividends, and the following selected transactions occurred in the order given: a. Issued 64,000 shares of the common stock at $11 cash per share. b. Reacquired 2.400 shares at $14 cash per share from stockholders; the shares are now held in treasury. C. Reissued 1,200 of the shares in transaction (b) two months later at $17 cash per share. CP11-1 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.) WORLDWIDE COMPANY Balance Sheet (Partial) At December 31 Stockholders' Equity Contributed Capital: Total Contributed Capital 0 Total 0 Total Stockholders' Equity S 0