United Resources Company obtained a charter from the state in January of this year. The charter authorized 209,000 shares of common stock with a par value of $2. During the year, the company earned $494,000 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 for $16 per share. b. Repurchased 21,000 shares of the previously issued shares for $19 per share c. Resold 3,000 shares of treasury stock for $22 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 Additional paid in capital Total contributed capital UNITED RESOURCES COMPANY Balance Sheet (Partial) At December 31, This year Stockholders' equity Contributed capital: Common stock Additional paid-in capital Total contributed capital 0 Total contributed capital and retained earning Total stockholders' equity 333 3 3333 33320