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4 The following Information pertains to Ming Corp. at January 1, Year 2: 1.42 Common stock, $11 par, 44,090 shares authorized, 3,560 shares issued and

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4 The following Information pertains to Ming Corp. at January 1, Year 2: 1.42 Common stock, $11 par, 44,090 shares authorized, 3,560 shares issued and outstanding $38,500 points Paid-in capital in excess of par, common stock 71, 090 Retained earnings 71, 090 =Book Ming Corp. completed the following transactions during Year 2: 1. Issued 2,200 shares of $11 par common stock for $16 per share. 2. Repurchased 1,200 shares of Its own common stock for $19 per share. Print 3. Resold 720 shares of treasury stock for $21 per share. 4. Earned $72,900 of cash revenue. 5. Paid $43.850 of cash operating expenses. References Required Prepare the stockholders' equity section of the year-end balance sheet. MING CORPORATION Balance Sheet (Partial) As of December 31, Year 2 Stockholders' Equity Total paid-in capital Total stockholders' equity

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