The following information pertains to Ming Corp. at January 1, 2018: Common stock, $9 par, 63,000 shares authorized, 3,400 shares issued and outstanding Paid-in capital in excess of par, common stock Retained earnings $30, 600 62,700 62,700 Ming Corp. completed the following transactions during 2018: 1. Issued 2600 shares of $9 par common stock for $14 per share. 2. Repurchased 1,400 shares of its own common stock for $17 per share. 3. Resold 840 shares of treasury stock at $19 per share. 4. Earned $55,500 of cash revenues. 5. Paid $32,000 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, 2018 Stockholders' Equity Common stock Paid-in capital in excess of par-common stock Paid-in capital in excess of cost-treasury stock Retained earnings Total paid-in capital $ 0 Total stockholders' equity $ 0