Problem 11-3A The stockholders' equity accounts of Windsor, Inc. on January 1, 2019, were as follows. Preferred Stock (8%, $52 par, cumulative, 10,000 shares authorized) Common Stock ($1 stated value, 2,050,000 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 (10,000 common shares) $ 390,000 1,100,000 135,000 1,400,000 1,750,000 50,000 During 2019, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Issued 24,500 shares of common stock for $125,000. Apr. 14 Sold 5,900 shares of treasury stock-common for $32,300. Sept. 3 Issued 4,900 shares of common stock for a patent valued at $34,300 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 $500,000 No dividends were declared during the year