United Resources Company obtained a charter from the state in January of this year. The charter authorized 200,000 shares of common stock with a par value of $1. During this year, the company earned $590,000. Also, during the year, the following transactions occurred in the order given: a) Sold 100,000 shares of the common stock in an initial public offering for $12 per share b) Repurchased 20,000 shares pf the previously issued shares for $15 per share and is holding them as treasury stock c) Resold 5,000 shares of treasury stock at $18 per share Required: Prepare the stockholders' equity section of the balance sheet at the end of the year