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Required information

$[$The following information applies to the questions displayed below$]$

Tarrant Corporation was organized this year to operate a financlal consulting business. The charter authorized the following stock common stock, $$17$ par value, $13,000$ shares authorized. During the year, the following selected transactions were completed:

a$.$ Sold $6,900$ shares of common stock for cash at $$34$ per share.

b$.$ Sold $2,800$ shares of common stock for cash at $$39$ per share.

c$.$ At year$-$end, the company reported net income of $$7,500.$ No dividends were declared.

$2$ Prepare the stockholders' equity sectlon of the balance sheet at the end of the year: Note: Amounts to be deducted should be indicated by a minus sign.

$\backslash$table$[[$TARRANT CORPORATION,$],[$Balance Sheet $($Partial$),,],[$At December $31.$ This year,,$],[$Stockholders$\text{'}$ equity,,$],[$Contributed capital:,,$],[,,],[,,],[,,],[$Total contributed capital,,$],[,,],[,,],[$Total stockhe ders' equity,,$]]$