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

Common stock, $11 par, 12,000 shares authorized, 2,400 shares issued and outstanding	$	26,400
Paid-in capital in excess of par, common stock		12,300
Retained earnings		65,500

JAE Corp. completed the following transactions during Year 2:

1. Issued 1,050 shares of $11 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

1. How many shares of common stock were outstanding at the end of the period?
2. How many shares of common stock had been issued at the end of the period?
3. Organize the transactions data in accounts under the accounting equation.
4. Prepare the stockholders equity section of the balance sheet reflecting these transactions.

Answer is not complete. Complete this question by entering your answers in the tabs below. Req A and B Reqc Req D Organize the transactions data in accounts under the accounting equation. (Enter any decreases to account balances with a minus sign.) JAE CORPORATION Assets Accounting Equation for the Year 2 Stockholders' Equity Paid-in Paid-in Common Capital In Capital In Excess Excess Stock Common Treasury Stock Stock Event = II Liabilities + Cash Treasury Stock + Retained Earnings Beg. bal. = 0 + + 0 x + 0 0 + 0 x 1. 0 x = 0 + 0 x + 0 X + 0 + 0 2. 0 x Il 0 + 0 + 0 + 0 0 x + 0 3. 0 x = 0 + 0 + 0 + 0 x 0 x + 0 End. bal. 0 = 0 + 0 + 0 + 0 0 + 0 Complete this question by entering your answers in the tabs below. Req A and B Reqc Req D Prepare the stockholders' equity section of the balance sheet reflecting these transactions. JAE CORPORATION Balance Sheet (Partial) As of December 31, Year 2 Stockholders' Equity Common stock Paid-in capital in excess of cost, treasury stock Paid-in capital in excess of par, common stock $ 0 Total paid-in capital Retained earnings Less: Treasury stock Total stockholders' equity $ 0 Answer is not complete. Complete this question by entering your answers in the tabs below. Req A and B Reqc Reg D 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 Issued shares at the end of the period b