The following Information pertains to JAE Corporation at January $1,$ Year $1.$

Common stock, $$10$ par, $2,$ eBa shares authorized, $2,890$ shares issued and outstanding

Paid$-$in capital in excess of par, comnon stock

$$2,6e$

Retained earnings

$15,0ex$

$82,680$

JAE Corporation completed the following transactions during Year $1$ :

Issued $3,000$ shares of $$10$ par common stock for $$25$ per share.

Repurchased $500$ shares of its own common stock for $$26$ per share.

Required

Prepare the stockholders' equity section of the balance sheet reflecting these transactions.

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Prepare the stockholders' equity section of the balance sheet reflecting these transactions. $($Amount be indicated with minus sign.$]$