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

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Accounting

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Saved The following information pertains to Ming Corp. at January 1, Year 2: Common stock, $11 par, 41,000 shares authorized, 3,100 shares issued and outstanding Paid-in capital in excess of par, common stock Retained earnings $ 34,100 101,000 101,000 Ming Corp. completed the following transactions during Year 2: 1. Issued 2.400 shares of $11 par common stock for $16 per share. 2. Repurchased 1,700 shares of its own common stock for $19 per share. 3. Resold 1020 shares of treasury stock for $21 per share. 4. Earned $66,400 of cash revenue. 5. Paid $30,450 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 Common stock Paid in capital in excess of par-common stock Paid-in capital in excess of cost treasury stock $ 60,500 113.000 1.020 $ 174 520 Total paid in capital Narvire revne Prey 1 of 28 O RI ere to search

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