United Resources Company obtained a charter from the state in January of this year. The charter authorized 215,000 shares of common stock with a par value of $2. During the year, the company earned $478,000. Also during the year, the following select transactions occurred in the order given: a. Sold 93,000 shares of the common stock in an initial public offering for $13 per share. b. Repurchased 25,000 shares of the previously issued shares for $16 per share and is holding them as treasury stock c. Resold 2,000 shares of treasury stock for $19 per share Required: Prepare the stockholders' equity section of the balance sheet at the end of the year. Note: Amounts to be deducted should be indicoted with a minus sign