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 $$2.$ During the year, the company earned $$477,000.$ Also during the year, the following selected

transactions occurred in the order given:

a$.$ Sold $97,000$ shares of the common stock in an initial public offering for $$14$ per share.

b$.$ Repurchased $25,000$ shares of the previously issued shares for $$17$ per share and is holding them as treasury stock.

c$.$ Resold $8,000$ shares of treasury stock for $$20$ per share.

Required:

Prepare the stockholders' equity section of the balance sheet at the end of the year.

Note: Amounts to be deducted should be indicated with a minus sign.