Martinez Corporation had the following stockholders' equity accounts on January 1, 2022: Common Stock ($5 par) $500,000, Paid-in Capital in Excess of Par-Common Stock $180,000, and Retained Earnings $120,000. In 2022, the company had the following treasury stock transactions. Mar. 1 Purchased 5,500 shares at $8 per share. June 1 Sold 1,000 shares at $12 per share. Sold 2,000 shares at $10 per share. Sept. 1 Dec. 1 Sold 1,000 shares at $7 per share. Martinez Corporation uses the cost method of accounting for treasury stock. In 2022, the company reported net income of $31,000. Question 2 of 2 23.75 / 50 Cash 44000 une 1 Cash 12000 Treasury Stock 8000 Paid-in Capital from Treasury Stock 4000 ept. 1 Cash 20000 Treasury Stock 16000 Paid-in Capital from Treasury Stock 4000 Dec. 1 Cash 7000 Paid-in Capital from Treasury Stock 1000 Treasury Stock 8000 Dec. 31 Income Summary 31000 Retained Earnings 31000 Open accounts for Paid-in Capital from Treasury Stock, Treasury Stock, and Retained Earnings. (Post entries in the order of journal entries presented in the previous part.) Paid-in Capital from Treasury Stock Mar. 1 44000 June 1 8000 Sept. 1 16000 Dec. 31 12000 Dec. 1 8000 Treasury Stock Dec. 1 1000 June 1 4000 Sept. 1 4000 10 Dec. 31 17000 Retained Earnings Mar. 1 120000 31000 Dec. 31 151000