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

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

Issued $1,150$ shares of $$11$ par common stock for $$29$ per share.

Repurchased $240$ shares of its own common stock for $$26$ per share.

Resold $50$ shares of treasury stock for $$27$ 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$1.$ Prepare journal entries for these transactions.

c$2.$ Post the journal entries to T$-$accounts.

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