The following information pertains to JAE Corp. at January 1, Year 2:

Common stock, $8 par, 14,000 shares authorized, 2,800 shares issued and outstanding $ 22,400

Paid-in capital in excess of par, common stock 15,600

Retained earnings 61,200

JAE Corp. completed the following transactions during Year 2:

1. Issued 800 shares of $8 par common stock for $31 per share.

2. Repurchased 190 shares of its own common stock for $28 per share.

3. Resold 50 shares of treasury stock for $29 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.