The stockholders' equity accounts of Castle Corporation on January 1, 2022, were as follows. Preferred Stock (8%, $50 par, 10,000 shares authorized) Common Stock ($1 stated value, 2,000,000 shares authorized) Paid-in Capital in Excess of Par-Preferred Stock $ 400,000 1,000,000 100,000 Paid-in Capital in Excess of Stated Value-Common Stock 1,450,000 Retained Earnings 1,816,000 Treasury Stock (10.000 common shares) 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 $120.000. Apr. 14 Sept. Sold 6,000 shares of treasury stock-common for $33.000. 3 Issued 5.000 shares of common stock for a patent valued at $35,000. Nov. 10 Purchased 1.000 shares of common stock for the treasury at a cost of $6,000. Dec 31 Determined that net income for the year was $452.000. No dividends were declared during the year