12-02A (Part Level Submission) The following account balances relate to the stockholders' equity accounts of Novak Corp. at year-end. Common stock, 11,550 and 11,050 shares, respectively, for 2022 and 2021 Preferred stock, 5,500 shares Retained earnings 2022 2021 $174,040 $153,240 137,500 137,500 304,570 254,860 A small stock dividend was declared and issued in 2022. The market price of the shares was $9,370. Cash dividends were $19,130 in both 2022 and 2021. The common stock has no par or stated value. (a) What was the amount of net income reported by Novak Corp. in 2022? Net income $ Click if you would like to Show Work for this question: Open Show Work (9) 4 Attempts: 0 of 1 used SAVE FOR LATER SUBMIT ANSWER The parts of this question must be completed in order. This part will be available when you complete the part above. (c) The parts of this question must be completed in order. This part will be available when you complete the part above