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United Resources Company obtained a charter from the state in January of this year. The charter authorized 208,000 shares of common stock with a par

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United Resources Company obtained a charter from the state in January of this year. The charter authorized 208,000 shares of common stock with a par value of $2. During the year, the company earned $481,000 Also during the year, the following selected transactions occurred in the order given a. Sold 82,000 shares of the common stock in an intial public offering at $19 cash per share. b. Repurchased 22,000 shares of the previously issued shares at $22 cash per share. c. Resold 8,000 of the shares of the treasury stock at $25 cash per share. Required: Preaethecholders' equity section of the balance sheet at the and of the year (Amounts to be deducted should be UNITED RESOURCES COMPANY+ Balance Sheet (Partial) At December 31, This year Contributed capital Common stock dditional paid-n capital Tolal contributed capital Retained eamings otal contributed capital and retained earnings Total stockholders equity

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