United Resources Company obtained a charter from the state in January of this year. The charter authorized 217,000 shares of common stock with a par value of $2. During the year, the company earned $483,000 Also during the year, the following selected transactions occurred in the order given:

a. Sold 82,000 shares of the common stock in an initial public offering at $15 cash per share.

b. Repurchased 20,000 shares of the previously issued shares at $18 cash per share.

c. Resold 11,000 of the shares of the treasury stock at $21 cash per share.

UNITED RESOURCES COMPANY Balance Sheet (Partial) At December 31, This year Stockholders' equity: Contributed capital: Common stock ditional paid-in capital ditional paid-in capital Ad Ad Total contributed capital 0 Retained earningS Total contributed capital and retained earnings Treasury stock Treasury stock Total stockholders' equity 0 0