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United Resources Company obtained a charter from the state in January of...

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Accounting

United Resources Company obtained a charter from the state in January of this year. The charter authorized 217,000 shares of
common stock with a par value of $2. During the year, the company earned $477,000. Also during the year, the following selected
transactions occurred in the order given:
a. Sold 97,000 shares of the common stock in an initial public offering for $14 per share.
b. Repurchased 25,000 shares of the previously issued shares for $17 per share and is holding them as treasury stock.
c. Resold 8,000 shares of treasury stock for $20 per share.
Required:
Prepare the stockholders' equity section of the balance sheet at the end of the year.
Note: Amounts to be deducted should be indicated with a minus sign.
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