United Resources Company obtained a charter from the state in January of this year. The charter authorized 206,000 shares of common stock with a par value of $1. During the year, the company earned $488,000 Also during the year, the following selected transactions occurred in the order given: a. Sold 98,000 shares of the common stock in an initial public offering at $19 cash per share. b. Repurchased 23,000 shares of the previously issued shares at $22 cash per share. c. Resold 6,000 of the shares of the treasury stock at $25 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 year Stockholders' equity: Contributed capital: Total contributed capital Total contributed capital and retained earnings Total stockholders' equity