The stockholders equity accounts of Castle Corporation on January 1, 2014, were as follows.

Preferred Stock (8%, $51 par, cumulative, 10,600 shares authorized)	$ 408,000
Common Stock ($1 stated value, 1,927,100 shares authorized)	1,469,200
Paid-in Capital in Excess of ParPreferred Stock	149,300
Paid-in Capital in Excess of Stated ValueCommon Stock	1,456,300
Retained Earnings	1,769,800
Treasury Stock (10,900 common shares)	43,600

During 2014, the corporation had the following transactions and events pertaining to its stockholders equity.

Feb.	1	Issued 25,500 shares of common stock for $124,200.
Apr.	14	Sold 5,800 shares of treasury stockcommon for $33,900.
Sept.	3	Issued 5,100 shares of common stock for a patent valued at $34,800.
Nov.	10	Purchased 1,100 shares of common stock for the treasury at a cost of $5,800.
Dec.	31	Determined that net income for the year was $439,300.

No dividends were declared during the year.