Question 5 of 6 -/1 View Policies Current Attempt in Progress The stockholders' equity accounts of Blue Spruce Corp. on January 1, 2022 were as follows Preferred Stock (8%, $50 par, cumulative, 11.000 shares authorized) $ 400,000 Common Stock ($1 stated value, 2.050,000 shares authorized) 1,000,000 Paid-in Capital in Excess of Par-Preferred Stock 120,000 Paid-in Capital in Excess of Stated Value-Common Stock 1400/000 Retained Earnings 1,750,000 Treasury Stock (10,500 common shares) 42.000 During 2022, the corporation had the following transactions and events pertaining to its stockholders equity Feb. Apr. Sept. Nov Dec 1 14 3 10 31 Issued 25,500 shares of common stock for $115.000, Sold 5,700 shares of treasury stock-common for $33.200. Issued 5,200 shares of common stock for a patent valued at $35.000 Purchased 1,000 shares of common stock for the treasury at a cost of $6.100 Determined that net income for the year was $405.000 No dividends were declared during the year Question 5 of 6 -/1 = Date Account Titles and Explanation Debit Credit Jan 1 Feb. 1 Apr. 14 Sept. 3 Nov. 10 Dec. 31