Pronghorn Corporation has been authorized to issue 21,000 shares of $100 par value, 10%, preferred stock and 1,040,000 shares of no-par common stock. The corporation assigned a $2.60 stated value to the common stock. At December 31, 2022, the ledger contained the following balances pertaining to stockholders' equity. Preferred Stock $125,000 Paid-in Capital in Excess of Par-Preferred Stock 17,000 Common Stock 1,040,000 Paid-in Capital in Excess of Stated Value-Common Stock 1,760,000 Treasury Stock (820 common shares) 9,840 Paid-in Capital from Treasury Stock 1,230 Retained Earnings 82,000 The preferred stock was issued for land having a fair value of $142,000. All common stock issued was for cash. In November, 1,230 shares of common stock were purchased for the treasury at a per share cost of $12. In December, 410 shares of treasury stock were sold for $15 per share. No dividends were declared in 2022