The following information pertains to JAE Corp. at January 1, Year 2:

Common stock, $11 par, 9,000 shares authorized, 1,800 shares issued and outstanding	$	19,800
Paid-in capital in excess of par, common stock		16,900
Retained earnings		55,700

JAE Corp. completed the following transactions during Year 2:

1. Issued 1,050 shares of $11 par common stock for $27 per share.
2. Repurchased 170 shares of its own common stock for $24 per share.
3. Resold 50 shares of treasury stock for $25 per share.

Required

1. How many shares of common stock were outstanding at the end of the period?
2. How many shares of common stock had been issued at the end of the period?
3. Organize the transactions data in accounts under the accounting equation.
4. Prepare the stockholders equity section of the balance sheet reflecting these transactions.

How many shares of common stock were outstanding and issued at the end of the period? Prepare the stockholders' equity section of the balance sheet reflecting these tra JAE CORPORATION Balance Sheet (Partial) As of December 31, Year 2 \begin{tabular}{|l|l|} \hline Stockholders' Equity & \\ \hline & \\ \hline & \\ \hline Total paid-in capital & \\ \hline & \\ \hline & \\ \hline Total stockholders' equity & \\ \hline \end{tabular} Organize the transactions data in accounts under the accounting equation. (Enter any decreases to account bala