United Resources Company obtained a charter from the state in January of this year. The charter authorized 206,000 shares of common stock with a par value of $2. During the year, the company earned $493,000. Also during the year, the following selected transactions occurred in the order given: Sold 91,000 shares of the common stock in an initial public offering for $13 per share. Repurchased 26,000 shares of the previously issued shares for $16 per share and is holding them as treasury stock. Resold 5,000 shares of treasury stock for $19 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