Flint Corporation 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 $100,000. 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 $13 per share. Sept. 1 Sold 2,000 shares at $10 per share. Dec. 1 Sold 1,500 shares at $7 per share. Flint Corporation uses the cost method of accounting for treasury stock. In 2022 , the company reported net income of $34,000