Cheyenne Corp. had the following stockholders' equity accounts on January $1,2022$: Common Stock $($ $$4$ par$)$ $$440,000,$ Paid$-$in Capital in Excess of Par$-$Common Stock $$210,000,$ and Retained Earnings $$110,000.$ In $2022,$ the company had the following treasury stock transactions.

Mar. $1$ Purchased $5,500$ shares at $$9$ per share.

June $1$ Sold $1,000$ shares at $$12$ per share.

Sept. $1$ Sold $1,000$ shares at $$11$ per share.

Dec. $1$ Sold $1,000$ shares at $$7$ per share.

Cheyenne Corp. uses the cost method of accounting for treasury stock. In $2022,$ the company reported net income of $$30,000.$