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

Common stock, $11 par, 14,000 shares authorized, 2,800 shares issued and outstanding	$	30,800
Paid-in capital in excess of par, common stock		13,500
Retained earnings		63,100

JAE Corp. completed the following transactions during Year 1:

1. Issued 1,200 shares of $11 par common stock for $30 per share.
2. Repurchased 180 shares of its own common stock for $27 per share.
3. Resold 50 shares of treasury stock for $28 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 Reqc Req 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