United Resources Company obtained a charter from the state in January of this year. The charter authorized 205,000 shares of common stock with a par value of $3. During the year, the company earned $487,000 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 at $13 cash per share.

b. Repurchased 26,000 shares of the previously issued shares at $16 cash per share.

c. Resold 10,000 of the shares of the treasury stock at $19 cash per share.

Required:

Prepare the stockholders' equity section of the balance sheet that looks like this at the end of the year:

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