The following information pertains to Ming Corp. at January 1, Year 2: Common stock, $10 par, 50,000 shares authorized, 2,800 shares issued and outstanding Paid-in capital in excess of par, common stock Retained earnings $28,000 83,200 83,200 Ming Corp. completed the following transactions during Year 2: 1. Issued 2,400 shares of $10 par common stock for $15 per share. 2. Repurchased 1,100 shares of its own common stock for $18 per share. 3. Resold 660 shares of treasury stock for $20 per share. 4. Earned $55,000 of cash revenue. 5. Paid $44,750 of cash operating expenses. Required Prepare the stockholders' equity section of the year-end balance sheet. 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