Swifty Corporation reported the following balances at December 31, 2021: common stock $406,000, paid-in Capital in Excess of Par common stock $106,500, and retained earnings $240,000. During 2022 , the following transactions affected stockholders' equity. 1. Issued preferred stock with a par value of $123,500 for $191,000. 2. Purchased treasury stock (common) for $41,000. 3. Earned net income of $143,000. 4. Declared and paid cash dividends of $58,000