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

Common stock, $11 par, 42,000 shares authorized, 3,200 shares issued and outstanding	$	35,200
Paid-in capital in excess of par, common stock		60,200
Retained earnings		60,200

Ming Corp. completed the following transactions during Year 2:

Issued 2,200 shares of $11 par common stock for $16 per share.

Repurchased 1,400 shares of its own common stock for $19 per share.

Resold 840 shares of treasury stock for $21 per share.

Earned $72,100 of cash revenue.

Paid $43,150 of cash operating expenses.

Required

Prepare the stockholders equity section of the year-end balance sheet.