The following Information pertains to JAE Corp. at January 1, Year 1: Common stock, $10 par, 10, eee shares authorized, 2,eee shares issued and outstanding Paid in capital in excess of par, common stock Retained earnings $20,eee 16,20 52,3ee JAE Corp. completed the following transactions during Year 1: 1. Issued 800 shares of $10 par common stock for $29 per share. 2. Repurchased 190 shares of its own common stock for $26 per share. 3. Resold 50 shares of treasury stock for $27 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 transactions. How many shares of common stock were outstanding and issued at the end of the period? a. Outstanding shares at the end of the period b. Issued shares at the end of the period Organize the transactions data in accounts under the accounting equation. (Enter any decreases to account balances with a minus sign.) JAE CORPORATION Accounting Equation for the Year 1 Stockholders' Equity Assets Event = Liabilities Cash Common Stock Paid-in Capital In Excess Common Stock + Paid-in Capital In Excess Treasury Stock Treasury Stock Retained Earnings Beg bal 1. - + + 2 = + + 3 End, bal 0 = 0 + 0+ 0 - 0 + Prepare the stockholders' equity section of the balance sheet reflecting these transactions. JAE CORPORATION Balance Sheets (Partial) As of December 31 Stockholders' Equity Total paid-in capital $ 0 Total stockholders' equity $ 0