The following information pertains to JAE Corp. at January 1, Year 2: Common stock, $10 par, 8,000 shares authorized, 1,600 shares issued and outstanding Paid-in capital in excess of par, common stock. $16,000 14,500 Retained earnings 68,300 JAE Corp. completed the following transactions during Year 2: 1. Issued 1,000 shares of $10 par common stock for $26 per share. 2. Repurchased 240 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. Complete this question by entering your answers in the tabs below. Req A and B Req C Req 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 b. Issued shares at the end of the period Req A and B Req C > Req A and B Req C Req D Organize the transactions data in accounts under the accounting equation. (Enter any decreases to account balances with a minus sig JAE CORPORATION Accounting Equation for the Year 2 Assets Stockholders' Equity Event =Liabilities +Common Paid-in Capital Cash In Excess + Stock Common Stock Paid-in Capital In Excess Treasury Stock Treasury Retained Stock Earnings Beg. bal. 1. 2. 23 3. End. bal. 1+ + + 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 Req D >