P11-5 (Algo) Preparing the Stockholders' Equity Section after Selected Transactions LO11-1, 11-3, 11-7 United Resources Company obtained a charter from the state in January of this year. The charter authorized 217000 shares of common stock with a par value of $1. During the year, the company earned $489,000 Also during the year, the following selected transactions occurred in the order givert Sold 95,000 shares of the common stock in an initial public offering for $12 per share b. Repurchased 27,000 shares of the previously issued shares for S15 per share. Resold 7,000 shares of treasury stock for $18 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 RESOURCE COMPANY Balance Parts Af December 31. This year Stockholders equly Contributed capital Total contributed capital To contributed capital and retained earrings Total food equity