The following information pertains to JAE Corp. at January 1, Yeart Common stock, $12 par, 12,000 shares authorized, 2,480 shares issued and outstanding Paid-in capital in excess of par, common stock Retoined earnings $28,800 18,000 67,200 JAE Corp. completed the following transactions during Year 1: 1. Issued 700 shares of $12 par common stock for $28 per share. 2. Repurchased 240 shares of its own common stock for $25 per share. 3. Resold 50 shares of treasury stock for $26 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. Complete this question by entering your answers in the tabs below. Req A and B Reg C 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 Perc c. Organize the transactions data in accounts under the accounting equation. d. Prepare the stockholders' equity section of the balance sheet reflecting these transactions. Complete this question by entering your answers in the tabs below. Req A and B Reqc 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 1 Stockholders' Equity Assets Event Cash = Liabilities + Common Stock + Paid-in Capital In Excess Common Stock + Paid-in Capital In Excess Treasury Stock Treasury Stock Retained Earnings Beg. bal. 2. End. bal c. Organize the transactions data in accounts under the accounting equation. d. Prepare the stockholders' equity section of the balance sheet reflecting these transactions. Complete this question by entering your answers in the tabs below. Req A and B ReqC 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 Common stock Paid-in capital in excess of par, common stock Paid-in capital in excess of cost, treasury stock Total paid-in capital Retained earnings Less: Treasury stock Total stockholders' equity