peporting Stockholders' Equity m. piliamson Corporation was organized to operate a tax preparation business. The charter authorized the w.jowing transactions were completed: sold 50.000 shares of common stock for cash at $50 per share. Repurchased 2,000 shares from a stockholder for cash at $52 per share. Batuliked: 1. Provide the journal entries required for the transactions in (a) and (b). 2. Prepare the stockholders' equity section of the balance sheet at the end of the year. Assume retained earnings at the end of the year was $200,000