The stockholders' equity accounts of Blue Spruce Corp. on January 1, 2022, were as follows, Preferred Stock (8%, $50 par cumulative, 11,000 shares authorized) $ 400,000 Common Stock ($1 stated value, 2,050,000 shares authorized) 1,000,000 Paid-in Capital in Excess of Par-Preferred Stock 120,000 Paid-in Capital in Excess of Stated Value-Common Stock 1,400,000 Retained Earnings 1.750,000 Treasury Stock (10,500 common shares) 42,000 During 2022, the corporation had the following transactions and events pertaining to its stockholders'equity. Feb Apr. Sept. Nov. Dec 1 14 3 10 31 Issued 25,500 shares of common stock for $115.000. Sold 5,700 shares of treasury stock-common for $33,200, Issued 5,200 shares of common stock for a patent valued at $35,000, Purchased 1,000 shares of common stock for the treasury at a cost of $6,100. Determined that net income for the year was $405,000 No dividends were declared during the year. Journalize the transactions and the closing entry for net income. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Ann Tits durantla