The following information pertains to Ming Corp. at January 1, Year 2:

Common stock, $9 par, 36,000 shares authorized, 3,400 shares issued and outstanding	$	30,600
Paid-in capital in excess of par, common stock		136,900
Retained earnings		136,900

Ming Corp. completed the following transactions during Year 2:

Issued 2,600 shares of $9 par common stock for $14 per share.

Repurchased 1,600 shares of its own common stock for $17 per share.

Resold 960 shares of treasury stock for $19 per share.

Earned $70,600 of cash revenue.

Paid $44,850 of cash operating expenses.

Required

Prepare the stockholders equity section of the year-end balance sheet.

MING CORPORATION
Balance Sheet (Partial)
As of December 31, Year 2
Stockholders' Equity
Total paid-in capital		$0
Total stockholders equity		$0