Required information [The following information applies to the questions displayed below.] Williamson Corporation was organized to operate a tax preparation business. The charter authorized the following stock: common stock, $9 par value, 91,000 shares authorized. During the first year, the following selected transactions were completed: a. Sold 69,000 shares of common stock for cash at $51 per share. b. Repurchased 10,000 shares from a stockholder for cash at $53 per share. 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 $230,000. (Amounts to be deducted should be indicated with a minus sign.) WILLIAMSON CORPORATION Balance Sheet (Partial) At End of This Year Stockholders' equity: Contributed Capital: Total contributed capital $ 0 Total stockholders' equity 0