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The following information pertains to JAE Corp. at January 1, 2016: Common stock, $11 par, 13,000 shares authorized, 2,600 shares issued and outstanding Paid-in capital

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The following information pertains to JAE Corp. at January 1, 2016: Common stock, $11 par, 13,000 shares authorized, 2,600 shares issued and outstanding Paid-in capital in excess of par, common stock Retained earnings $28,600 14,100 68,200 JAE Corp. completed the following transactions during 2016: 1. Issued 950 shares of $11 par common stock for $25 per share 2. Repurchased 230 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? Outstanding shares at the end of the period How many shares of common stock had been issued at the end of the period? ued shares at the end of the period

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