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E$11-7($Algo$)$ Reporting Stockholders' Equity L$011-1,11-3,11-7$

Williamson Corporation's Board authorized $85,000$ shares of common stock with $$8$ par value. During the first year,

Williamson:

a$.$ Sold $61,000$ shares of common stock for cash at $$43$ per share.

b$.$ Repurchased $9,000$ shares at $$45$ per share.

E$11-7$ Part $2$

Prepare the stockholders' equity section of the balance sheet at the end of the year. Assume retained earnings at the end of the

year was $$210,000.$

Note: Amounts to be deducted should be indicated with a minus sign.