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

Comon stock, $$10$ par, $28,$ eea shares authorized, $2,$ eee shares issued and outstanding

Paid$-$in capital in excess of par, coman stack Retained earnings

$$26,000$

$15,000$

$98,000$

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

Issued $3,000$ shares of $$10$ par common stock for $$20$ per share.

Repurchased $500$ sharfs of its own common stock for $$25$ per share.

Requlred

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. $($Amounts to be indicated with minus sign.$)$

$\backslash$table$[[$Stookhoiders$\text{'}$ equity,,$],[,,],[,,],[,,],[$Total paid$-$in capita!,,$],[,,],[$Total atookthciders' equity,,$]]$