The stockholders' equity accounts of Bramble Corp. on January 1, 2022, were as follows. Preferred Stock (8%, $50 par, cumulative, 11,000 shares authorized) Common Stock ($1 stated value, 2,050,000 shares authorized) Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (10,500 common shares) Nov. 10 $375,000 Dec. 1,300,000 31 135,000 1,400,000 During 2022, the corporation had the following transactions and events pertaining to its stockholders' equity. 1,850,000 Feb. 1 Issued 25,000 shares of common stock for $115,000. Apr. 14 Sold 5,800 shares of treasury stock-common for $32,500. Sept. 3 Issued 5,000 shares of common stock for a patent valued at $35,400. Purchased 1,100 shares of common stock for the treasury at a cost of $6,000. Determined that net income for the year was $455,000. 52,500

The stockholders' equity accounts of Bramble Corp. 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 $115,000. Apr. 14 Sold 5,800 shares of treasury stock-common for $32,500. Sept. 3 Issued 5,000 shares of common stock for a patent valued at $35,400. Nov. 10 Purchased 1,100 shares of common stock for the treasury at a cost of $6,000. Dec. 31 Determined that net income for the year was $455,000. Date Account Titles and Explanation Debit Credit Feb. 1 Cash 115000 Commonstock 25000 Paid-in Capital in Excess of Stated Value-Common Stock 90000 Apr. 14 Cash 32500 Treasury stock 29000 Paid-in Capital from Treasury Stock 3500 Sept. 3 Patents 35400 Commonstock \begin{tabular}{|r|} \hline 5000 \\ \hline 30400 \\ \hline \end{tabular} Paid-in Capital in Excess of Stated Value-Common Stock Nov. 10 : Treasury Stock 6000 \begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{ Treasury Stock } \\ \hline Jan.18al. & 52500 & Apr. 14^ & 29000 \\ \hline & & = & \\ \hline Nov. 10 & 6000 & & \\ \hline Dec. 31 Bal. $ & & & \\ \hline \end{tabular} eTextbook and Media