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

Common stock, $8 par, 10,000 shares authorized, 2,000 shares issued and outstanding	$ 16,000
Paid-in capital in excess of par, common stock	15,200
Retained earnings	74,600

JAE Corporation completed the following transactions during Year 1:

-Issued 800 shares of $8 par common stock for $31 per share.

-Repurchased 240 shares of its own common stock for $28 per share.

-Resold 50 shares of treasury stock for $29 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?

c1. Prepare journal entries for these transactions.

c2. Post the journal entries to T-accounts.

d. Prepare the stockholders equity section of the balance sheet reflecting these transactions. Extra information: -For requirement C2, there are drop-down menus on both the far-left and the far-right sides that have the options "1.", "2.", and "3." Only the cells highlighted in blue need to be answered for this one. -For requirement D, there is a drop down menu on the far-left side that has options for each type of transaction name. Only the cells highlighted in blue need to be answered for this one. PLEASE ANSWER THIS IN THE SAME FORMAT THE THE QUESTIONS LOOK LIKE.

Complete this question by entering your answers in the tabs below. 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? Prepare journal entries for these transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Issued 800 shares of $8 par common stock for $31 per share. Record the transaction. Note: Enter debits before credits. Prepare journal entries for these transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Repurchased 240 shares of its own common stock for $28 per share. Record the transaction. Note: Enter debits before credits. Prepare journal entries for these transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Resold 50 shares of treasury stock for $29 per share. Record the transaction. Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Post the journal entries to T-accounts. Complete this question by entering your answers in the tabs below. Prepare the stockholders' equity section of the balance sheet reflecting these transactions. (Amounts to be deducted should be indicated with minus sign.)