Current Attempt in Progress The stockholders' equity accounts of Culver Corporation on January 1, 2022, were as follows. Preferred Stock (8%, $50 par, 11,000 shares authorized) Common Stock ($1 stated value, 2,000,000 shares authorized) Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (11,000 common shares) Feb. 1 Apr. 14 Sept. 3 Nov. 10 Dec. 31 $ 400,000 1,200,000 During 2022, the corporation had the following transactions and events pertaining to its stockholders' equity. 135,000 No dividends were declared during the year. 1,500,000 1,850,000 55,000 Issued 24,000 shares of common stock for $116,000. Sold 6,000 shares of treasury stock-common for $32,900. Issued 5,200 shares of common stock for a patent valued at $35,700. Purchased 1,000 shares of common stock for the treasury at a cost of $5,700. Determined that net income for the year was $415,000.

Current Attempt in Progress The stockholders' equity accounts of Culver Corporation on January 1,2022, were as follows. During 2022, the corporation had the following transactions and events pertaining to its stockhe Feb. 1 Issued 24,000 shares of common stock for $116,000. Apr. 14 Sold 6,000 shares of treasury stock-common for $32,900. Sept. 3 Issued 5,200 shares of common stock for a patent valued at $35,700. Nov. 10 Purchased 1,000 shares of common stock for the treasury at a cost of $5,700. Dec. 31 Determined that net income for the year was $415,000. No dividends were declared during the year. the order presented in the problem. Credit account tives are wuturisis. Date Account Titles and Explanation Debit Credit