Blue Spruce Corporation had the following stockholders' equity accounts on January 1, 2022: Common Stock ($4 par) $400,000, Paid- in Capital in Excess of Par-Common Stock $190,000, and Retained Earnings $110,000. In 2022, the company had the following treasury stock transactions. Mar. 1 Purchased 6,000 shares at $8 per share. June 1 Sold 1.000 shares at $12 per share. Sept. 1 Sold 2,000 shares at $11 per share. Dec. 1 Sold 1.500 shares at $7 per share. Blue Spruce Corporation uses the cost method of accounting for treasury stock. In 2022, the company reported net income of $34,000.