8:36 The following information pertains to Ming Corp. at January 1, Year 2: Common stock, $11 par, 40,000 shares authorized, 3,400 shares issued and outstanding $37,400 Paid-in capital in excess of par, common stock Retained earnings 52,200 52,200 Ming Corp. completed the following transactions during Year 2: 1. Issued 2,300 shares of $11 par common stock for $16 per share. 2. Repurchased 1,300 shares of its own common stock for $19 per share. 3. Resold 780 shares of treasury stock for $21 per share. 4. Earned $70,800 of cash revenue. 5. Paid $38,800 of cash operating expenses. Required Prepare the stockholders' equity section of the year-end balance sheet.