The stockholders' equity accounts of Swifty Corporation on January $1,2027,$ were as follows.

Preferred Stock $(8\%,$$$52$ par, $10,500$ shares authorized$)$

$ $416,000$

Common Stock $($ $$1$ stated value, $1,950,000$ shares authorized$)$

$1,400,000$

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

$105,000$

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

$1,500,000$

Retained Earnings

$1,800,000$

Treasury Stock $(11,000$ common shares$)$

$55,000$

During $2027,$ the corporation had the following transactions and events pertaining to its stockholders' equity.

Feb. $1$ Issued $25,000$ shares of common stock for $$115,000.$

Apr. $14$ Sold $5,900$ shares of treasury stock$-$common for $$32,300.$

Sept. $3$ Issued $5,000$ shares of common stock for a patent valued at $$35,900.$

Nov. $10$ Purchased $1,000$ shares of common stock for the treasury at a cost of $$6,200.$

Dec. $31$ Determined that net income for the year was $$415,000.$

No dividends were declared during the year.

$($a$)$