Required information The following information applies to the questions displayed below Worldwide Company obtained a charter from the state in January that authorized 200,000 shares of common stock, $10 par value. During the first year, the company earned $38,900, declared no dividends, and the following selected transactions occurred in the order given a. Issued 67000 shares of the common stock at $11 cash per share b. Reacquired 2,700 shares at $14 cash per share from stockholders; the shares are now held in treasury c. Reissued 1,350 of the shares in transaction (b) two months later at $17 cash per share. 3. Prepare the stockholders' equity section of the balance sheet at December 31. TIP: Because this is the first year of operations, Retained Earnings has a zero balance at the beginning of the year. (Amounts to be deducted should be indicated by a minus sign.) WORLDWIDE COMPANY Balance Sheet (Partial) At December 31 ers' Equity Total Contributed Capital Prev 3 holders' equity section of the balance sheet at December 31 TIP. Because this is the first year of operations, should be indicated by a minus sig Retained Earnings has a zero balance at the beginning of the year. (Amounts to be deducted WORL COMPANY Balance Sheet (Partial) At December 31 Stockholders' Equity Total Next