Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings The stockholders' equity accounts of Kingbird, 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 24,000 shares of common stock for \\( \\$ 124,000 \\). Apr. 14 Sold 5,600 shares of treasury stock-common for \\( \\$ 32,300 \\). Sept. 3 Issued 4,900 shares of common stock for a patent valued at \\( \\$ 35,700 \\). Nov. 10 Purchased 1,100 shares of common stock for the treasury at a cost of \\( \\$ 5,900 \\). Dec. 31 Determined that net income for the year was \\( \\$ 445,000 \\). No dividends were declared during the year. Paid-in Capital from Treasury Stock Enter the beginning balances in the accounts, and post the journal entries to the stockholders' equity accounts. (Post entries in the order of journal entries presented in the previous part.)