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United Resources Company obtained a charter from the state in January of this year. The charter authorized 203, 000 shares of common stock with a

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United Resources Company obtained a charter from the state in January of this year. The charter authorized 203, 000 shares of common stock with a par value of $2. During the year, the company earned $484, 000 Also during the year, the following selected transactions occurred in the order given: a. Sold 95, 000 shares of the common stock in an initial public offering at $19 cash per share. b. Repurchased 25, 000 shares of the previously issued shares at $22 cash per share. c. Resold 5, 000 of the shares of the treasury stock at $25 cash per share. Prepare the stockholders' equity section of the balance sheet at the end of the year. (Amounts to be deducted should be indicated with a minus sign.)

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