On January 1, 20X4, Skeptical Company had the following balances in the noted accounts: Account Balance as of January 1, 20X4 Common stock, $10 par, 50,000 shares authorized, 3,000 shares issued and outstanding $30,000 Paid-in capital in excess of par, common stock $12,000 Retained earnings $48,000 During 20X4, the company experienced the following three events: 1. Issued 2,000 shares of $10 par common stock for $16 per share 2. Repurchased 500 shares of its own common stock for $18 per share 3. Resold 120 shares of Treasury stock for $20 per share. A. Complete the table below to determine the number of common shares issued and outstanding at the end of 20X4. Common Stock Issued Outstanding Beginning Number of Shares 3000 3000 Issued This Period Repurchased as Treasury Stock N/A Resold Treasury Stock N/A Ending Number of SharesB. Record the three transactions in the table below. Assets Stockholders' Equity PIC in Excess PIC in Excess Cash C'S Treasury RE - CS - TS Stock BB + -+ 1. + -- 2 3. EB + + CS = Common Stock, TS = Treasury Stock C. Prepare the Stockholders Equity section of the balance sheet as of December 31, 20X4. Stockholders' Equity Common Stock, $10 par value, 50,000 shares authorized, 5,000 shares issued, and 4,620 shares outstanding Paid-In Capital in Excess of Par, Common Paid-In Capital in Excess of Cost, Treasury Stock Total Paid-In Capital Retained Earnings Less: Treasury Stock Total Stockholders' Equity