Flounder Corporation had the following stockholders' equity accounts on January $1,2022$: Common Stock $($$$5$ par$)$ $$550,000,$ Paid$-$in Capital in Excess of Par$-$Common Stock $$215,000,$ and Retained Earnings $$110,000.$ In $2022,$ the company had the following treasury stock transactions.Mar. $1$ Purchased $7,000$ shares at $$9$ per share.June $1$Sold $1,500$ shares at $$13$ per share.Sept. $1$Sold $1,500$ shares at $$11$ per share.Dec. $1$Sold $1,500$ shares at $$6$ per share.Flounder Corporation uses the cost method of accounting for treasury stock. In $202$ Te company reported net income of $$25,000.$