is this correct and if not what needs to be added

+ art 2 of 2 its Book rint Required information [The following information applies to the questions displayed below.] Global Marine obtained a charter from the state in January that authorized 1,000,000 shares of common stock, $5 par value. During the first year, the company earned $460,000 of net income and declared no dividends; the following selected transactions occurred in the order given: a. Issued 100,000 shares of the common stock at $61 cash per share. b. Reacquired 31,000 shares at $56 cash per share. c. Reissued 13,000 shares from treasury for $57 per share. d. Reissued 13,000 shares from treasury for $55 per share.. ences 3. Prepare the stockholders' equity section of the balance sheet at December 31. (Amounts to be deducted should be indicated by a minus sign.) Contributed Capital: GLOBAL MARINE Balance Sheet (Partial) At December 31 Stockholders' Equity Common Stock 500,000 Additional Paid-In Capital, Common Stock 5,600,000 Total Contributed Capital 6,100,000 Retained Earnings Total Less: Treasury Stock, at cost Total Stockholders' Equity 460,000 6,560,000 -(280,000) $ 6,560,000