The stockholders equity accounts of Castle Corporation on January $1,2022,$ were as follows.Preferred Stock $(8\%,550$ par, cumulative, $10,000$ shares authorized$)$Common Stock $($$$1$ stated value, $2,000,000$ shares authorized$)$Paid$-$in Capital in Excess of Par$-$Preferred Stock$ $400,000$Paid$-$in Capital in Excess of Stated Value$-$Common StockRetained EarningsTreasury Stock $(10,000$ common shares$)1,000,000100,0001,450,0001,816,00050,000$During $2022,$ the corporation had the following transactions and events pertaining to its stockholders' equity.Feb. $1$ Issued $25,000$ shares of common stock for $$120,000.$Apr. $14$ Sold $6,000$ shares of treasury stock$-$common for $$33,000.$Sept. $3$ Issued $5,000$ shares of common stock for a patent valued at $$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.