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 $1. During the year, the company earned $483,000 Also during the year, the following selected transactions occurred in the order given:

1. Sold 82,000 shares of the common stock in an initial public offering for $15 per share.
2. Repurchased 29,000 shares of the previously issued shares for $18 per share.
3. Resold 10,000 shares of treasury stock for $21 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:
Total contributed capital
Total contributed capital and retained earnings
Total stockholders equity