The stocknorders equity accounts or hue spruce Corporation on January 1, zuzz, were as follows. Preferred Stock (8%, $48 par, 10,500 shares authorized) $ 408,000 Common Stock ($1 stated value. 1,950.000 shares authorized) 1,100,000 Paid-in Capital in Excess of Par-Preferred Stock 125,000 Paid-in Capital in Excess of Stated Value-Common Stock 1,400,000 Retained Earnings 1,850,000 44,000 Treasury Stock (11,000 common shares) During 2022, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Issued 25,500 shares of common stock for $120,000. Apr. 14 Sold 6,000 shares of treasury stock-common for $32,600. Sept. 3 Issued 4,800 shares of common stock for a patent valued at $35,700. Nov. 10 Purchased 1.100 shares of common stock for the treasury at a cost of $5,900. 21 Determined that not income for the year was $450.000.