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, $2 par value, 80,000 shares authorized. During the first year, the following selected transactions were completed: a. Sold 50,000 shares of common stock for cash at $50 per share. b. Repurchased 2,000 shares at $52 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 $200,000. Note: Amounts to be deducted should be indicated with a minus sign