The stockholders' equity accounts of Bramble Corp. on January 1, 2022 were as follows. Preferred Stock (7%, $100 par noncumulative. 4,500 shares authorized) $270,000 Common Stock ($4 stated value, 270,000 shares authorized) 900,000 Paid-in Capital in Excess of Par Value-Preferred Stock 13,500 Paid-in Capital in Excess of Stated Value-Common Stock 432.000 Retained Earnings 619,200 Treasury Stock (4,500 common shares) 36,000 During 2022, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Mar. 20 Oct. 1 Nov. 1 Dec. 1 Dec. 31 Issued 4,500 shares of common stock for $27,000. Purchased 900 additional shares of common treasury stock at $7 per share. Declared a 7% cash dividend on preferred stock, payable November 1. Paid the dividend declared on October 1. Declared a $0.50 per share cash dividend to common stockholders of record on December 15, payable December 31 Determined that net income for the year was $254,000. Paid the dividend declared on December 1. Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings I Cash Dividends Treasury Stock