Question

wileyplus.com/courses/3539/assignments/3837441 module item_id=12237372 Question 7 View Policies Current Attempt in Progress The following stockholders' equity accounts, arranged alphabetically, are in the ledger of Novak Corp. at December 31, 2022 Common Stock ($4 stated value) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Preferred Stock (6%, $100 par, noncumulative) Retained Earnings Treasury Stock (15,600 common shares) $2,080,000 58,500 1,365,000 780,000 1.734,200 93,600 Prepare the stockholders' equity section of the balance sheet at December 31, 2022. (Enter account name only and do not provide descriptive information.) NOVAK CORP Partial Balance Sheet

please help fill out balance sheet

Answer 1

The stockholder's equity section is prepared as below:

NOVAK CORP.
Partial Balance Sheet
December 31, 2022
Stockholder's Equity
Paid-in Capital
Capital Stock
Common Stock	$2,080,000
Preferred Stock	780,000
Total Capital Stock		$2,860,000
Additional Paid-in Capital
Paid-in Capital in Excess of Par Value-Preferred Stock	$58,500
Paid-in Capital in Excess of Stated Value-Common Stock	1,365,000
Total Additional Paid-in Capital		1,423,500
Total Paid-in Capital		4,283,500
Retained Earnings		1,734,200
Total Paid-in Capital and Retained Earnings		6,017,700
Less: Treasury Stock		93,600
Total Stockholder's Equity		$5,924,100