The stockholders equity accounts of Sunland Company on January 1, 2019, were as follows.

Preferred Stock (8%, $52 par, cumulative, 10,000 shares authorized)		$ 390,000
Common Stock ($1 stated value, 1,900,000 shares authorized)		1,100,000
Paid-in Capital in Excess of ParPreferred Stock		125,000
Paid-in Capital in Excess of Stated ValueCommon Stock		1,400,000
Retained Earnings		1,750,000
Treasury Stock (10,000 common shares)		50,000

During 2019, the corporation had the following transactions and events pertaining to its stockholders equity.

Feb.	1		Issued 25,000 shares of common stock for $124,000.
Apr.	14		Sold 5,900 shares of treasury stockcommon for $33,100.
Sept.	3		Issued 5,000 shares of common stock for a patent valued at $34,300.
Nov.	10		Purchased 1,100 shares of common stock for the treasury at a cost of $6,200.
Dec.	31		Determined that net income for the year was $435,000.