Preparing the Stockholders Equity Section after Selected Transactions LO11-1, 11-3

United Resources Company obtained a charter from the state in January 2014, which authorized 207,000 shares of common stock, $3 par value. During the first year, the company earned $489,000 and 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 per share.
b.	Repurchased 24,000 shares of the previously issued shares at $20 cash per share for treasury stock.
c.	Resold 4,000 of the shares of the treasury stock at $23 cash per share.

Required:

Prepare the stockholders equity section of the balance sheet at December 31, 2014. (Amounts to be deducted should be indicated with a minus sign.)

UNITED RESOURCES COMPANY
Balance Sheet (Partial)
At December 31, 2014
Stockholders equity:
Contributed capital:
Common stock
Capital in excess of par
Total contributed capital	0
Retained earnings
Treasury stock
Total contributed capital and retained earnings	0
Total stockholders equity		$0

Need a balance sheet prepared for this, above is the skeleton.