Date Account Titles and Explanation Feb. 1 Cash CommonStock Paid in Capital in Excess of Stated Value Common Stock Cash TreasuryStock Paid-in Capitalfrom Treasury Stock sept3 Pateris Common Stock Paidin Capital in Excess of Stated Value Common Stock Nov 10 Treasury Stock Cash Income Summary Retained Earnings 96000 29200 Dec31v The stockholders' equity accounts of Skysong, Inc. 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 25,000 shares of commonstock for $121,000 Apr. 14 Sold 6,000 shares of treasury stock-common for $32,800. Sept 3 Issued 5,000 shares of common stock for a patent valued at $34,200 Nov. 10 Purchased 1,000 shares of common stock for the treasury at a cost of $5,900. Dec. 31 Determined that net income for the year was $410,000. No dividends were declared during the year