The following information pertains to Ming Corp. at January 1, 2018: Common stock, $9 par, 60,000 shares authorized, 3,300 shares issued and outstanding Paid-in capital in excess of par, common stock Retained earnings $ 29,700 145,200 145,200 Ming Corp. completed the following transactions during 2018: 1. Issued 3000 shares of $9 par common stock for $14 per share. 2. Repurchased 1,100 shares of its own common stock for $17 per share. 3. Resold 660 shares of treasury stock at $19 per share. 4. Earned $72,200 of cash revenues. 5. Paid $36,500 of cash operating expenses. MING CORPORATION Balance Sheet (Partial) As of December 31, 2018 Stockholders' Equity Common stock Paid-in capital in excess of par-common stock Paid-in capital in excess of cost-treasury stock $ $ 56,700 160,200 1,320 0 $ 218,220 109,500 Total paid-in capital Retained earnings Less: Treasury stock Total stockholders' equity 0 $ 327,720