The following information pertains to JAE Corp. at January 1, Year 1: Common stock, $10 par, 20,000 shares authorized, 2,000 shares issued and outstanding $ 20,000 Paid-in capital in excess of par, common stock 15,000 Retained earnings 82,000 JAE Corp. completed the following transactions during Year 1: Issued 3,000 shares of $10 par common stock for $25 per share. Repurchased 500 shares of its own common stock for $26 per share. 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.

a.	Outstanding shares at the end of the period
b.	Issued shares at the end of the period

• Req

a.	Outstanding shares at the end of the period
b.	Issued shares at the end of the period