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How do I do the t chart The ledger of Novak Corp. at December 31, 2022, after the books have been closed. contains the following

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The ledger of Novak Corp. at December 31, 2022, after the books have been closed. contains the following stockholders equity accounts Preferred Stock (11.000 shares issued) Common Stock (300,000 shares issued) Pald-in Capital in Excess of Par Value-Preferred Stock Pald-in Capital in Excess of Stated Value-Common Stock Retained Earnings $1,100,000 1,800,000 155,000 1.600,000 2.717.000 A review of the accounting records reveals this information 1. Preferred stock is 9%, $100 par value, noncumulative. Since January 1, 2021. 11.000 shares have been outstandi 22,000 shares are authorized 2. Common stock is no par with a stated value of $6 per share: 600.000 shares are authorized 3. The January 1, 2022, balance in Retained Earnings was $2.280,000 On October 1,67.000 shares of common stock were sold for cash at 58 per share 5. A cash dividend of $400,000 was declared and properly allocated to preferred and common stock on November 1. No dividends we paid to preferred stockholders in 2021 6. Net income for the year was $837,000 7. On December 31, 2022, the directors authorized disclosure of a $160,000 restriction of retardemes for an expansion (Use N AJ Reproduce the retained Earnings account for the year Retained Earnings

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