Requlred 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 $37,400, declared no dividends, and the following selected transactions occurred in the order glven: a. Issued 52,000 shares of the common stock at $12 cash per share. b. Reacquired 1,200 shares at $15 cash per share from stockholders; the shares are now held in treasury. C. Relssued 600 of the shares in transaction (b) two months later at $18 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, Retalned 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 Stockholders' Equity Contributed Capital: Total Contributed Capital Total Total Stockholdera' Equity