Blue Spruce Corporation had the following stockholders' equity accounts on January 1, 2022: Common Stock ( $4 par) $400,000, Paidin 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. Journalize the treasury stock transactions, and prepare the closing entry at December 31, 2022, for net income. (List all debit entries before credit entries. Record journal entries in the order presented in the problem. Credit account tittes are automaticalfy indented when omount is entered. Do not indent manually.) Treasury Stock 8000 Paid-in Capital from Treasury Stock 4000 Sept. 1 Cash 22000 Treasury Stock \begin{tabular}{r} 16000 \\ \hline 6000 \\ \hline \end{tabular} Paid-in Capital from Treasury Stock +2 0 Sept 1 . Dec. 1 Cash 10500 Paid-in Capital from Treasury Stock 1500 Treasury Stock Dec31 Income Summary 34000 12000 Retained Earnings Open accounts for Paid-in Capital from Treasury Stock, Treasury Stock, and Retained Earnings. (Post entries in the order of journal entries precented in the previous part) Stockholders' Equity Paid-in Capital Capital Stock Common Stock \( \$ \longdiv { 4 } \) Additional Paid-in Capital Paid-in Capital in Excess of Par-Common Stock $ Paid-in Capital from Treasury Stock Total Additional Paid-in Capital Total Paid-in Capital Retained Earnings Total Paid-in Capital and Retained Earnings Less : Treasury Stock Total Stockholders' Equity $