United Resources Company obtained a charter from the state in January of this year. The charter authorized 212,000 shares of common stock with a par value of $1. During the year, the company earned $481,000 Also during the year, the following selected transactions occurred in the order given: a. Sold 86,000 shares of the common stock in an initial public offering for $19 per share. b. Repurchased 26,000 shares of the previously issued shares for $22 per share. c. Resold 7,000 shares of treasury stock for $25 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.)