On January $1,2022,$ the stockholders' equity section of Sheffield Corporation shows common stock $($ $$4$ par value$)$ $$1,200,000$; paid$-$in capital in excess of par $$1,070,000$; and retained earnings $$1,220,000.$ During the year, the following treasury stock transactions occurred.

Mar. $1$ Purchased $47,000$ shares for cash at $$15$ per share.

July $1$ Sold $10,000$ treasury shares for cash at $$17$ per share.

Sept. $1$ Sold $8,500$ treasury shares for cash at $$14$ per share.