Saved 2. Repurchased 1,600 shares of its own common stock for $19 per share. 3. Resold 960 shares of treasury stock for $21 per share. 4. Earned $50,200 of cash revenue. 5. Paid $44,700 of cash operating expenses. 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 $ 0 $ The following information pertains to Ming Corp. at January 1, Year 2: Common stock, $11 par, 58,000 shares authorized, 2,700 shares issued and outstanding $29,700 Paid-in capital in excess of par, common stock Retained earnings 90,900 90,900 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 1,600 shares of its own common stock for $19 per share. 3. Resold 960 shares of treasury stock for $21 per share. 4. Earned $50,200 of cash revenue. 5. Paid $44,700 of cash operating expenses. Required Prepare the stockholders' equity section of the year-end balance sheet. Stockholders' Equity MING CORPORATION Balance Sheet (Partial) As of December 31, Year 2