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The stockholders' equity accounts of Kingbird, Ine, on January 1, 2022, were as follows. During 2022, the corporation had the following transactions and events pertaining

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The stockholders' equity accounts of Kingbird, Ine, on January 1, 2022, were as follows. During 2022, the corporation had the following transactions and events pertaining to its stockhoiders equity. Feb. 1 Issued 24,000 shares of common stock for $124,000. Apr. 14 Sold 5,600 shares of treasury stock-common for $32,300. Sept. 3 Issued 4,900 shares of common stock for a patent valued at $35,700. Nov. 10 Purchased 1,100 shares of common stock for the treasury at a cost of $5,900. Dec. 31 Determined that net income for the year was $445,000. No dividends were declared during the year. Question 4 of 4 Preferred Stock Pald-in Capital in Excess of Par-Preferred Stock Faid in Capital fres Treatury 5 tock Ticaury Stiok

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