The following information pertains to Ming Corp. at January 1, Year 2: Common stock, $12 par, 46,000 shares authorized, 3,300 shares issued and outstanding Paid-in capital in excess of par, common stock Retained earnings $ 39,600 117,800 117,800 Ming Corp. completed the following transactions during Year 2: 1. Issued 2,600 shares of $12 par common stock for $17 per share. 2. Repurchased 1,500 shares of its own common stock for $20 per share. 3. Resold 900 shares of treasury stock for $22 per share. 4. Earned $53,500 of cash revenue. 5. Paid $37,100 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