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 203,000 shares of common stock with a par value of $2. During the year, the company earned 494,000 Also during the year, the following selected transactions occurred in the order given: a. Sold 96,000 shares of the common stock in an initial public offering at $17 cash per share b. Repurchased 21,000 shares of the previously issued shares at $20 cash per share. c Resold 5,000 of the shares of the treasury stock at $23 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: Total contributed capital Total contributed capital and retained eamings Total stockholders' equity