The stockholders' equity accounts of Blue Spruce Corporation on January 1, 2022, were as follows. During 2022, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Issued 25,000 shares of common stock for $124,000. Apr. 14 Sold 5,900 shares of treasury stock-common for $32,000. Sept. 3 Issued 4,700 shares of common stock for a patent valued at $34,300. Nov. 10 Purchased 1,000 shares of common stock for the treasury at a cost of $5,800. Dec. 31 Determined that net income for the year was $435,000. Journalize the transactions and the closing entry for net income. (List all debit entries before credit entries. Record journol entries in the order presented in the problem. Credit account titles are automotically indented when amount is entered. Do not indent manually.)