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 $492,000 Also during the year, the following selected transactions occurred in the order given a. Sold 85,000 shares of the common stock in an initial public offering at $17 cash per share. b. Repurchased 23,000 shares of the previously issued shares at $20 cash per share. c. Resold 4,000 of the shares of the treasury stock at $23 cash per share. Prepare the stockholders' equity section of the balance sheet at the end of the year