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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

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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 stockholders' equity. 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. Now: 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 vear was $415,000. Enter the beginning balances in the accounts, and post the journal entries to the stockholders' equity accounts. (Use J5 for the

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