Ayayai Corporation had the following stookholders' equity accounts on January 1.2022 . Common Stock ( $4 par) $400,000, Paid-in Capital in Eicess of Par-Common Stock $175,000, and Retained Eamings $100,000. In 2022, the company had the following treasury stodi transactions. Mar: 1 Purchased 5,500 shares at $8 per share. Lune 1 Sold 1.000 shares at S12 per share Sept 1 Sold 1000 shares at \$10 per share. Dec 1 Sold 1,000 shares at $6 per share. Avayai Corporation uses the cost method of accounting for treasury stock. In 2022 , the company reported net income of $25.000. entrles presented in the previous part) Joumalize the treasury stock transactions, and prepare the closing entry at December 31.2022 for net income. (List all debit entries before credit entries. Record joumal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered Do not indent manually)