The following information pertains to JAE Corp. at January 1, Year 2: Common stock, $11 par, 10,000 shares authorized, 2,000 shares issued and outstanding Paid-in capital in excess of par, common stock $22,000 Retained earnings 17,700 71,000 JAE Corp. completed the following transactions during Year 2: 1. Issued 1,050 shares of $11 par common stock for $26 per share. 2. Repurchased 200 shares of its own common stock for $23 per share. 3. Resold 50 shares of treasury stock for $24 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. 1. Issued 1,050 shares of $11 par common stock for $26 per share. 2. Repurchased 200 shares of its own common stock for $23 per share. 3. Resold 50 shares of treasury stock for $24 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. Complete this question by entering your answers in the tabs below. Req A and B Req C Req D Organize the transactions data in accounts under the accounting equation. (Enter any decreases to account balances wi JAE CORPORATION Accounting Equation for the Year 2 Assets Stockholders' Equity Event. Liabilities Cash Common Stock Paid-in Capital In Excess Common Stock Paid-in Capital In Excess Treasury Stock 4 Stock Treasury Retained Earnings Beg bala 1. 17.700+ 2. + 3. 50 End bal 0+ 0+ 17,700 50 0+ 0 1. Issued 1,050 shares of $11 par common stock for $26 per share. 2. Repurchased 200 shares of its own common stock for $23 per share. 3. Resold 50 shares of treasury stock for $24 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. Complete this question by entering your answers in the tabs below. Req A and B Req C Req D Prepare the stockholders' equity section of the balance sheet reflecting these transactions. Stockholders' Equity JAE CORPORATION Balance Sheet (Partial) As of December 31, Year 2 Total paid-in capital Total stockholders' equity $ < Req C 0