Reference no: EM133019752
Question - The following information pertains to Ming Corp. at January 1, Year 2: Common stock, $11 par, 64,000 shares authorized, 3,100 shares issued and outstanding$34,100 Paid-in capital in excess of par, common stock 91,700 Retained earnings 91,700.
Ming Corp. completed the following transactions during Year 2:
1. Issued 2,600 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 1,020 shares of treasury stock for $21 per share.
4. Earned $60,300 of cash revenue.
5. Paid $30,500 of cash operating expenses.
Required - Prepare the stockholders' equity section of the year-end balance sheet.
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