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 $1. During the year , the company earned $475,000 Also during the year, the following selected transactions occurred in the order given: a. Sold 84,000 shares of the common stock in an initial public offering for $20 per share b. Repurchased 29,000 shares of the previously issued shares for $23 per share c. Resold 6,000 shares of treasury stock for $26 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 Common stock Treasury stock Total contributed capital Retained earnings 0 0 Total contributed capital and retained earnings Treasury stock $ 0 Total stockholders' equity