The stockholders' equity accounts of Concord Corporation on January 1, 2022, were as follows. Preferred Stock (7%, $100 par noncumulative, 7,000 shares authorized) $420,000 Common Stock ($4 stated value, 420,000 shares authorized) 1,400,000 Paid-in Capital in Excess of Par Value-Preferred Stock 21,000 Paid-in Capital in Excess of Stated Value-Common Stock 672,000 Retained Earnings 963,200 Treasury Stock (7,000 common shares) 56,000 During 2022, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Issued 7,000 shares of common stock for $42,000. Mar. 201 Purchased 1.400 additional shares of common treasury stock at $7 per share Oct. 1 Declared a 7% cash dividend on preferred stock, payable November 1 Nov. 1 Dec. 1 Paid the dividend declared on October 1. Declared a $0.50 per share cash dividend to common stockholders of record on December 15 payable Deco