Business, 11.03.2020 23:00 brittanyelliott028
United Resources Company obtained a charter from the state in January of this year. The charter authorized 206,000 shares of common stock with a par value of $2. During the year, the company earned $489,000 Also during the year, the following selected transactions occurred in the order given: Sold 90,000 shares of the common stock in an initial public offering for $15 per share. Repurchased 26,000 shares of the previously issued shares for $18 per share. Resold 8,000 shares of treasury stock for $21 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.)
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