The stockholders' equity accounts of sarasota corp. on January 1, 2022, were as follows.

The stockholders' equity accounts of Sarasota Corp. on January 1, 2022, were as follows. Preferred Stock (7%, $100 par noncumulative 3,000 shares authorized) $180,000 Common Stock (54 stated value, 180,000 shares authorized) 600,000 Paid-in Capital in Excess of Par Value--Preferred Stock 9,000 Paid-in Capital in Excess of Stated Value-Common Stock 288.000 Retained Earnings 412,800 Treasury Stock (3,000 common shares) 24,000 During 2022, the corporation had the folowing transactions and events pertaining to its stockholders equity, Feb 1 Iswed 3,000 shares of common stock for $18,000 Mar. 20 Purchased 600 additional shares of common treasury stock at $7 per share. Oct 1 Dedared a 7% cash dividend on preferred stock, payable November 1 Nov Paid the dividend declared on October 1 Dec Declared a $0.50 per share cash dividend to common stockholders of record on December 15 payable December 31 Dec 31 Determined that net income for the year was $168.000. Pald the dividend declared on December 1 1 1 Preferred Stock Common Stock Pald-in Capital in Excess of Par Value Preferred Stock Paid-in Capital in Excess of stated Value-Common Stock Retained Earnings Cast Dividends Treasury Stock