The following information pertains to JAE Corp. at January 1, Year 2: Common stock, $8 par, 8,000 shares authorized, 1,600 shares issued and outstanding $ 12,800 Paid-in capital in excess of par, common stock 15,600 Retained earnings 51,800 JAE Corp. completed the following transactions during Year 2: Issued 1,050 shares of $8 par common stock for $28 per share. Repurchased 250 shares of its own common stock for $25 per share. Resold 50 shares of treasury stock for $26 per share. Required How many shares of common stock were outstanding at the end of the period? How many shares of common stock had been issued at the end of the period? Organize the transactions data in accounts under the accounting equation. Prepare the stockholders equity section of the balance sheet reflecting these transactions.

The following information pertains to JAE Corp. at January 1, Year 2: JAE Corp. completed the following transactions during Year 2: 1. Issued 1,050 shares of $8 par common stock for $28 per share. 2. Repurchased 250 shares of its own common stock for $25 per share. 3. Resold 50 shares of treasury stock for $26 per share. Required a. How many shares of common stock were outstanding at the end of the period? b. How many shares of common stock had been issued at the end of the period? c. Organize the transactions data in accounts under the accounting equation. d. Prepare the stockholders' equity section of the balance sheet reflecting these transaction Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. How many shares of common stock were outstanding and issued at the end of the period? c. Organize the transactions data in accounts under the accounting equation. d. Prepare the stockholders' equity section of the balance sheet reflecting these transactions. Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Prepare the stockholders' equity section of the balance sheet reflecting these transactions