9 0.6 points eBook P11-5 Preparing the Stockholders' Equity Section after Selected Transactions LO11-1, 11-3 United Resources Company obtained a charter from the state in January of this year. The charter authorized 214,000 shares of common stock with a par value of $1. During the year, the company earned $492,000 Also during the year, the following selected transactions occurred in the order given: a. Sold 87,000 shares of the common stock in an initial public offering at $14 cash per share. b. Repurchased 25,000 shares of the previously issued shares at $17 cash per share. c. Resold 8,000 of the shares of the treasury stock at $20 cash 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: Print Reference Total contributed capital Total contributed capital and retained earings Total stockholders' equity