United Resources Company obtained a charter from the state in January of this year. The charter authorized 216,000 shares of common stock with a par value of $3. During the year, the company earned $482,000 Also during the year, the following selected transactions occurred in the order given: a. Sold 86,000 shares of the common stock in an initial public offering for $15 per share. b. Repurchased 25,000 shares of the previously issued shares for $18 per share. c. Resold 3,000 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: Common stock 258,000 Additional paid-in capital Total contributed capital 258,000 Retained earnings Total contributed capital and retained earnings 258,000 Total stockholders' equity $ 258,000