United Resources Company obtained a charter from the state in January 2014, which authorized 205,000 shares of common stock, $1 par value. During the first year, the company earned $478,000 and the following selected transactions occurred in the order given:

a.	Sold 82,000 shares of the common stock in an initial public offering at $13 per share.
b.	Repurchased 26,000 shares of the previously issued shares at $16 cash per share for treasury stock.
c.	Resold 4,000 of the shares of the treasury stock at $19 cash per share.

Required:

Prepare the stockholders equity section of the balance sheet at December 31, 2014.(Amounts to be deducted should be indicated with a minus sign.)