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 Paid-in capital in excess of par, common stock Retained earnings $20,000 15,000 82,000 JAE Corp. completed the following transactions during Year 1: 1. Issued 3,000 shares of $10 par common stock for $25 per share. 2. Repurchased 500 shares of its own common stock for $26 per share. 3. 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. Req A and B Reqc Reg 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 JAE CORPORATION Accounting Equation for the Year 1 Stockholders' Equity Assets Event Liabilities + Cash Common Stock Pald-in Capital In Excess Common Stock Pald-in Capital In Excess Treasury Stock Treasury Stock + Retained Earnings Beg. bal 1. + 2 3. End, bal Req A and B Reg C Req D Prepare the stockholders' equity section of the balance sheet reflecting these transactions. JAE CORPORATION Balance Sheet (Partial) As of December 31 Stockholders' Equity Total paid-in capital Total stockholders' equity