Exercise $11-13$A $($Algo$)$ Recording and reporting treasury stock transactions LO $11-5$

The following information pertains to JAE Corporation at January $1,$ Year $1$ :

Common stock, $$10$ par, $8,000$ shares authorized, $1,600$ shares issued and outstanding Paid$-$in capital in excess of par, common stock $$16,00014,20065,600$ Retained earnings

JAE Corporation completed the following transactions during Year $1$ :

Issued $950$ shares of $$10$ par common stock for $$25$ per share.

Repurchased $210$ shares of its own common stock for $$22$ per share.

Resold $50$ shares of treasury stock for $$23$ 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.

Answer is not complete.