The stockholders' equity accounts of Monty Corp. on January $1,2022,$ were as follows.

Preferred Stock $(8\%,$$$50$ par, cumulative, $10,000$ shares authorized$)$

$$400,000$

Common Stock $($$$1$ stated value, $2,100,000$ shares authorized$)$

$1,500,000$

Paid$-$in Capital in Excess of Par$-$Preferred Stock

$150,000$

Paid$-$in Capital in Excess of Stated Value$-$Common Stock

$1,400,000$

Retained Earnings

$1,850,000$

Treasury Stock $(10,500$ common shares$)$

$52,500$

During $2022,$ the corporation had the following transactions and events pertaining to its stockholders' equity.

Feb. $1$ Issued $26,000$ shares of common stock for $$121,000.$

Apr. $14$ Sold $5,900$ shares of treasury stock$-$common for $$33,500.$

Sept. $3$ Issued $4,700$ shares of common stock for a patent valued at $$34,300.$

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 $$410,000.$

No dividends were declared during the year.