Question 2 of 4 View Polides Show Attempt History < Current Attempt In Progress 9.32/30 Blue Spruce Corporation had the following stockholders' equity accounts on January 1, 2022 Common Stock ($4 par) $400,000. Pald-In Capital In Excess of Par-Common Stock $190,000, and Retained Earnings $110,000. In 2022, the company had the following treasury stock transactions Mar. 1 June 1 Purchased 6,000 shares at $8 per share Sold 1,000 shares at $12 per share. Sold 2.000 shares at $11 per share. Dec. 1 Sold 1,500 shares at $7 per share. Sept. 1 Blue Spruce Corporation uses the cost method of accounting for treasury stock. In 2022, the company reported net Income of $34,000.