United Resources Company obtained a charter from the state in January of this year. The charter authorized 218,000 shares of common stock with a par value of $2. During the year, the company earned $495,000 Also during the year, the following selected transactions occurred in the order given: Sold 94,000 shares of the common stock in an initial public offering for $12 per share. Purchased 25,000 shares of the previously issued shares for $15 per share. Resold 12,000 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.)

Christopher kim, cfa, is a banker with batts brothers, an investment banking firm. kim follows the energy industry and has frequent contact with industry executives. kim is contacted by the ceo of a large oil and gas corporation who wants batts brothers to underwrite a secondary offering of the company's stock. the ceo offers kim the opportunity to fly on his private jet to his ranch in texas for an exotic game hunting expedition if kim's firm can complete the underwriting within 90 days. according to cfa institute standards of conduct, kim: a) may accept the offer as long as he discloses the offer to batts brothers.b) may not accept the offer because it is considered lavish entertainment.c) must obtain written consent from batts brothers before accepting the offer.