The following information pertains to JAE Corp. at January 1, Year 2: 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 JAE Corp completed the following transactions during Year 2 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. $20,000 15,000 82,000 Assets JAE CORPORATION Accounting Equation for the Year 2 Stockholders' Equity Event Liabilities Paid-in Capital Cash Common Stock In Excess Common Stock Paid-in Capital In Excess Treasury Stock Treasury Retained Stock Earnings Beg bal 2 3 End bal Stockholders' Equity JAE CORPORATION Balance Sheet (Partial) As of December 31, Year 2 Total paid-in capital Total stockholders' equity $ $ SA 0