The condensed balance sheet of JCB Corporation at December 31, 2011, is shown below. During 2012,.

The condensed balance sheet of JCB Corporation at December 31, 2011, is shown below. During 2012, the following transactions affected stockholders’ equity: Feb. 15 Purchased 6,000 shares of JCB outstanding common stock at $18 per share. May 21 Sold 3,500 of the shares purchased on February 15 at $21 per share. Sept. 15 Issued 12,000 shares of previously unissued common stock at $22 per share. Dec. 21 Sold the remaining 2,500 shares of treasury stock at $23 per share. 31 Closed net income of $91,600 to Retained Earnings. Revenues were $291,000; expenses were $200,000. Required: 1. Prepare the journal entries to record the 2012 transactions. 2. Prepare the stockholders’ equity section of the balance sheet at December 31, 2012. 3. Prepare a statement of stockholders’ equity for the year ended December 31,2012.