The following information pertains to JAE Corp. at January 1, 2018: Common stock, $12 par, 13,000 shares authorized, 2,600 shares issued and outstanding Paid-in capital in excess of par, common stock Retained earnings $31,200 14,900 60,800 JAE Corp. completed the following transactions during 2018: 1. Issued 750 shares of $12 par common stock for $25 per share. 2. Repurchased 180 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. Include the number of shares authorized, issued, and outstanding in the description of the common stock. Req A and B Reqc ReqD 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 3,220 3,350 Reg A and B Regc Reg D Organize the transactions data in accounts under the accounting equation. (Enter any decreases to account balances with a minus sign.) JAE CORPORATION Accounting Equation for the Year 2018 Stockholders' Equity Assets Event Liabilities Cash Common Stock Paid-in Capital In Excess Common Stock Paid-in Capital In Excess Treasury Stock Treasury Stock + Retained Earnings 14,900 + + 60,800 Beg. bal. 1. 31,200 + 9,000+ 18,750 + + + + + + + 2. 3. End. bal. + + + + + + + 1,150/- 19,900 = 0 0 40,200 + 14,900 0 0 + 60,800 Req A and B Reg C Reg D Prepare the stockholders' equity section of the balance sheet reflecting these transactions. JAE CORPORATION Balance Sheets (Partial) As of December 31 Stockholders' Equity Total paid-in capital $ 0 Total stockholders' equity $ 0