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The following information pertains to JAE Corp. at January 1, Year 1: Common stock, $11 par, 14,000 shares authorized, 2,800 shares issued and outstanding Paid-in capital in excess of par, common stock Retained earnings $30,800 13,500 63,100 JAE Corp. completed the following transactions during Year 1: 1. Issued 1,200 shares of $11 par common stock for $30 per share. 2. Repurchased 180 shares of its own common stock for $27 per share. 3. Resold 50 shares of treasury stock for $28 per share. Required a. How many shares of common stock were outstanding at the end of the period? b. How many shares of common stock had been issued at the end of the period? c. Organize the transactions data in accounts under the accounting equation. d. Prepare the stockholders' equity section of the balance sheet reflecting these transactions. Complete this question by entering your answers in the tabs below. Reg A and B Reqc Req D How many shares of common stock were outstanding and issued at the end of the period? Outstanding shares at the end of the period Issued shares at the end of the period 3,870 4,000 Reg A and B Reqc > Req A and B Reqc Reg D Organize the transactions data in accounts under the accounting equation. (Enter any decreases to account balances with a minus sign.) Assets Event Liabilities JAE CORPORATION Accounting Equation for the Year 1 Stockholders' Equity Paid-in Paid-in Common Capital In Capital In Excess Excess Stock Common Treasury Stock Stock 30,800 + 13,500 13,200 + 22,800 Cash Treasury Stock + Retained Earnings Beg. bal. + + 63,100 1. + + 1. 2. 3. End. bal. 36,000 (4,860) 1,400 32,540 + 50 50 - - (4,860) 1,350 (3,510) + + + = = 0 + 44,000 + 36.300 + 63.100 Req A and B Reqc eqc Req D Rego Prepare the stockholders' equity section of the balance sheet reflecting these transactions. JAE CORPORATION Balance Sheets (Partial) As of December 31 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 $ 44,000 36,300 50 63,100 $ 143,450 (3,510) Preferred stock Total stockholders' equity 139,940