The stockholders' equity accounts of Novak 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 26,000 shares of common stock for $122,000 Apr. 14 Sold 5,700 shares of treasury stock-common for $32.700. Sept. 3. Issued 5,100 shares of common stock for a patent valued at $36,000. Now: 10 Purchased 1,000 shares of common stock for the treasuryat a cost of $6,000. Dec. 31 Determined that net income for the year was $485,000. No dividends were declared during the year