Current Attempt in Progress

The stockholders' equity accourits of Bramble Corporation on January $1,2022,$ were as follows.

Preferred Stock $(8\%,$$$48$ par, $10,000$ shares authorized$)$

Common Stock $($$$1$ stated value, $2,050,000$ 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 $(10,500$ common shares$)$

$$384,000$

$1,500,000$

$140,000$

$1,450,000$

$1,750,000$

$52,500$

During $2022,$ the corporation had the following transactions and events pertaining to its stockholders' equity.

Feb. $1$ Issued $25,000$ shares of common stock for $$124,000.$

Apr. $14$ Sold $6,000$ shares of treasury stock$-$common for $$33,700.$

Sept. $3$ Issued $4,900$ shares of common stock for a patent valued at $$35,100.$

Nov. $10$ Purchased $1,100$ shares of common stock for the treasury at a cost of $$5,700.$

Dec. $31$ Determined that net income for the year was $$420,000.$

No dividends were declared during the year.