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The following information pertains to JAE Corporation at January 1 , Year 2 : Common stock, $ 8 par, 1 2 , 0 0 0

The following information pertains to JAE Corporation at January 1, Year 2:
Common stock, $8 par, 12,000 shares authorized, 2,400 shares issued and outstanding $ 19,200
Paid-in capital in excess of par, common stock 15,500
Retained earnings 74,800
JAE Corporation completed the following transactions during Year 2:
Issued 800 shares of $8 par common stock for $30 per share.
Repurchased 170 shares of its own common stock for $27 per share.
Resold 50 shares of treasury stock for $28 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.
Prepare the stockholders equity section of the balance sheet reflecting these transactions.

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