United Resources Company obtained a charter from the state in January of this year. The charter authorized 219,000 shares of common stock with a par value of $3. During the year, the company earned $493,000 Also during the yean the following selected transactions occurred in the order given: a. Sold 92,000 shares of the common stock in an initial public offering at $16 cash per share. b. Repurchased 25,000 shares of the previously issued shares at $19 cash per share c. Resold 9,000 of the shares of the treasury stock at $22 cash per share Required: 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.) UNITED RESOURCES COMPANY Balance Sheet (Partial) At December 31, This Stockholders' equity Contributed capital Total contributed capital Total contributed capital and retained earnings Total stockholders' equity