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

Common stock, $9 par, 58,000 shares authorized, 2,600 shares issued and outstanding	$	23,400
Paid-in capital in excess of par, common stock		65,400
Retained earnings		65,400

Ming Corp. completed the following transactions during Year 2:

Issued 2,000 shares of $9 par common stock for $14 per share.

Repurchased 1,900 shares of its own common stock for $17 per share.

Resold 1,140 shares of treasury stock for $19 per share.

Earned $70,900 of cash revenue.

Paid $44,200 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
Total stockholders equity