Required Information [The following information applies to the questions displayed below.] Whyville Corporation obtained Its charter from the state in January that authorized 500,000 shares of common stock, $1 par value. DurIng the first year, the company earned $65,000 and declared no dividends; the following selected transactions occurred in the order given: a. Issued 270,000 shares of the common stock at $30 cash per share. b. Reacquired 5,700 shares at $31 cash per share to use as stock incentives for senior management. Prepare the stockholders' equity section of the balance sheet at December 31 . (Amounts to be deducted should be Indicated by nus sign.)