The following information pertains to JAE Corp. at January 1, Year 2: Common stock, $9 par, 9,000 shares authorized, 1,800 shares issued and outstanding Paid-in capital in excess of par, common stock Retained earnings $16, 200 13,500 65,600 JAE Corp. completed the following transactions during Year 2: 1. Issued 1.050 shares of $9 par common stock for $25 per share. 2. Repurchased 220 shares of its own common stock for $22 per share. 3. Resold 50 shares of treasury stock for $23 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. Answer is not complete. Complete this question by entering your answers in the tabs below. Reg A and B Regc Reg D How many shares of common stock were outstanding and issued at the end of the period? Outstanding shares at the end of the period Issued shares at the end of the period 170 8803 b. RARO Reqc > Reg A and B Regc RegD Organize the transactions data in accounts under the accounting equation (Enter any decreases to account balances with a minus sign) Assets Event Liabilities Cash Treasury Stock Retained Earnings JAE CORPORATION Accounting Equation for the Year 2 Stockholders' Equity Paid in Paid in Common Capital in Capital in Excess + Excess Stock Common Treasury Stock Stock 16.2001 13,500 9.4501 16,800 - 11.980) O. (2.860) 2.360 450 - 700 - 24.120 28.140 2.000 + 65.000 Bogbal 1 2 3 End bol 1.980 : 26250 (4 540) - 1.150 22.500 0 . 1.000 65.000 Reg A and B Reg Bego 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 $ 24.120 Paid in capital in excess of pat.common stock 24.990 Paldi in capital in excess of cost, trotury stock 2.860 SIS Total paid in capital $ 51,070 Total stockholders' equity $ 51.970