The stockholders' equity accounts of Blue Spruce Corporation on January 1, 2022, were as follows. Preferred Stock (8%, $52 par, 10.500 shares authorized) $442,000 Common Stock ($1 stated value. 2,000,000 shares authorized) 1.350,000 Paid-in Capital in Excess of Par-Preferred Stock 100,000 Paid-in Capital in Excess of Stated Value-Common Stock 1,450,000 Retained Earnings Treasury Stock (10.000 common shares) 1,850,000 50,000 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. av2/assessment-player/index.launchd-1407912b-dad4-42-at-c2f01ef6093 3.33/5