Bridgeport Corporation had the following stockholders' equity accounts on January 1, 2022: Common Stock ($5 par) $500,000, Paid- in Capital in Excess of Par-Common Stock $200,000, and Retained Earnings $120,000. In 2022, the company had the following treasury stock transactions. Mar. 1 Purchased 6,500 shares at $9 per share. June 1 Sold 1,000 shares at $13 per share. Sept. 1 Sold 1,500 shares at $10 per share. Dec. 1 Sold 1,000 shares at $7 per share. Bridgeport Corporation uses the cost method of accounting for treasury stock. In 2022, the company reported net income of $29,000.