The following information pertains to JAE Corp. at January 1, 2018: Common stock, $10 par, 20,000 shares authorized, 2,000 shares issued and outstanding Paid-in capital in excess of par, common stock Retained earnings $20,000 15,000 82,000 JAE Corp. completed the following transactions during 2018: 1. Issued 3,000 shares of $10 par common stock for $25 per share. 2. Repurchased 500 shares of its own common stock for $26 per share. 3. Resold 200 shares of treasury stock for $30 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. Include the number of shares authorized, issued, and outstanding in the description of the common stock. a. Outstanding shares at the end of the period b.Issued shares at the end of the period JAE CORPORATION Accounting Equation for the Year 2018 Stockholders' Equity Assets Event Liabilities Cash Common Stock + Paid-in Capital In Excess Common Stock Paid-in Capital In Excess Treasury Stock Treasury . Retained Stock Earnings + + + + Beg. bal. 1. 2. + + + + + + + + + + + + End. bal. + + + + JAE CORPORATION Balance Sheet (Partial) As of December 31 Stockholders' Equity Total paid-in capital Total stockholders' equity