The following information pertains to Ming Corp. at January 1, Year 2: Common stock, $10 par, 45,000 shares authorized, 3,300 shares issued and outstanding Paid-in capital in excess of par, common stock Retained earnings $ 33,000 145,400 145,400 Ming Corp. completed the following transactions during Year 2: 1. Issued 2,100 shares of $10 par common stock for $15 per share. 2. Repurchased 1,800 shares of its own common stock for $18 per share. 3. Resold 1,080 shares of treasury stock for $20 per share. 4. Earned $54,500 of cash revenue. 5. Paid $34,400 of cash operating expenses.