The following information pertains to JAE Corporation at January 1, Year 2: Common stock, $11 par, 10,000 shares authorized, 2,000 shares issued and outstanding $ 22,000 Paid-in capital in excess of par, common stock 12,900 Retained earnings 68,400 JAE Corporation completed the following transactions during Year 2: Issued 1,100 shares of $11 par common stock for $28 per share. Repurchased 230 shares of its own common stock for $25 per share. Resold 50 shares of treasury stock for $26 per share. Required How many shares of common stock were outstanding at the end of the period? How many shares of common stock had been issued at the end of the period? Organize the transactions data in accounts under the accounting equation.

JAE Corporation completed the following transactions during Year 2: 1. Issued 1,100 shares of $11 par common stock for $28 per share. 2. Repurchased 230 shares of its own common stock for $25 per share. 3. Resold 50 shares of treasury stock for $26 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. How many shares of common stock were outstanding and issued at the end of the period? Organize the transactions data in accounts under the accounting equation. Note: Enter any decreases to account balances with a minus sign. Prepare the stockholders' equity section of the balance sheet reflecting these transactions. \begin{tabular}{|l|l|l|} \hline \multicolumn{2}{|c|}{ JAE CORPORATION } \\ \hline \multicolumn{2}{|c|}{ Balance Sheet (Partial) } \\ \hline Stockholders' Equity & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline Total paid-in capital & & $ \\ \hline & & \\ \hline & & \\ \hline Total stockholders' equity & & $ \\ \hline \hline \end{tabular}