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

Common stock, $$10$ par, $20,000$ shares authorized, $2,000$ shares issued and outstanding $$20,000$

Paid$-$in capital in excess of par, common stock $15,000$

Retained earnings $82,000$

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.

Resold $200$ shares of treasury stock for $$30$ 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.