Problem 13-03A a-c (Part Level Submission) (Video) The stockholders' equity accounts of Bridgeport Corporation on January 1, 2020, were as follows Preferred Stock (8%, $50 par, 11,000 shares authorized) Common Stock ($1 stated value, 1,950,000 shares authorized) Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (10,500 common shares) $ 425,000 1,150,000 105,000 1,450,000 1,850,000 42,000 During 2020, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Issued 25,500 shares of common stock for $116,000. Apr. 14 Sold 5,800 shares of treasury stock-common for $33,900. Sept. 3 Issued 5,200 shares of common stock for a patent valued at s35,900. Nov. 10 Purchased 1,100 shares of common stock for the treasury at a cost of $6,000. Dec. 31 Determined that net income for the year was $450,000. No dividends were declared during the year. Your answer is correct. tito tho tronsartinns and the losing entry for net income. (Record journal entries in the order presente