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  3. the following information pertains to jae corporat

The following information pertains to JAE Corporation at January 1, Year 1. Comon...

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Accounting

The following information pertains to JAE Corporation at January 1, Year 1.
Comon stock, $10 par, 28, eea shares authorized, 2, eee shares issued and outstanding
Paid-in capital in excess of par, coman stack Retained earnings
$26,000
15,000
98,000
JAE Corporation completed the following transactions during Year 1 :
Issued 3,000 shares of $10 par common stock for $20 per share.
Repurchased 500 sharfs of its own common stock for $25 per share.
Requlred
Prepare the stockholders' equity section of the balance sheet reflecting these transactions.
Complete this question by entering your answers in the tabs below.
Prepare the stockholders' equity section of the balance sheet reflecting these transactions. (Amounts to be indicated with minus sign.)
\table[[Stookhoiders' equity,,],[,,],[,,],[,,],[Total paid-in capita!,,],[,,],[Total atookthciders' equity,,]]
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