Problem 11-3A (Part Level Submission) The stockholders' equity accounts of Bramble Corp. on January 1, 2019, were as follows. Preferred Stock (8%, $52 par, cumulative, 10,000 shares authorized) Common Stock ($1 stated value, 1,950,000 shares authorized) Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (10,500 common shares) $ 442,000 1,350,000 115,000 1,400,000 1,750,000 52,500 During 2019, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Issued 26,000 shares of common stock for $122,000. Apr. 14 Sold 5,700 shares of treasury stock-common for $32,700. Sept. 3 Issued 5,100 shares of common stock for a patent valued at $36,000. Nov. 10 Purchased 1,000 shares of common stock for the treasury at a cost of $6,000. Dec. 31 Determined that net income for the year was $485,000. No dividends were declared during the year. Your answer is correct. Preferred Stock Jan. 1 Bal. 442000 Dec. 31 Bal.v 442000 Paid-in Capital in Excess of Par Value-Preferred Stock Jan. 1 Bal. 115000 Dec. 31 Bal. v 115000 Common Stock Jan. 1 Bal.v 1350000 Feb. 1 26000 Sep, 3 5100 Dec. 31 Bal. v 1381100 Paid-in Capital in Excess of Stated Value-Common Stock Jan. 1 Bal. 1400000 Feb. 1 96000 Paid-in Capital in Excess of Stated Value-Common Stock Jan. 1 Bal. 1400000 Feb. 1 96000 Sep, 3 30900 Dec. 31 Bal. v 1526900 Retained Earnings Jan. 1 Bal. 1750000 Dec. 31 485000 Dec. 31 Bal. v 2235000 Paid-in Capital from Treasury Stock Apr 14 4200 Dec. 31 Bal. 4200 Treasury Stock Jan. 1 Bal. 52500 1I Nov. 10 5000 nt Treasury Stock 52500 II Nov. 10 28500 Jan. 1 Bal. v 6000 Apr. 14 Dec. 31 Bal. 75000 SHOW LIST OF ACCOUNTS SHOW ANSWER LINK TO TEXTLINK TO TEXT (c) Bramble Corp. Balance Sheet (Partial)