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 Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (10,000 common shares) Feb. 1 $ 400,000 Apr. 14 Sept. 3 Nov. 10 1,000,000 100,000 1,450,000 1,816,00 During 2022, the corporation had the following transactions and events pertaining to its stockholders' equity. 50,000 Issued 25,000 shares of common stock for $120,000. Sold 6,000 shares of treasury stock-common for $33,000. Issued 5,000 shares of common stock for a patent valued at $35,000. Purchased 1,000 shares of common stock for the treasury at a cost of $6,000. for the year was $452.000

The stockholders' equity accounts of Castle Corporation 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 $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. Journalize the transactions. (List all debit entries before credit entries. Record journal entries in the yder presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.)