Novak Company has two classes of capital stock outstanding: $8\%,$$$20$ par preferred and $$5$ par common. At December $31,2025,$ the

following accounts were included in stockholders' equity.

Preferred Stock, $149,400$ shares

Common Stock, $2,019,000$ shares

Paid$-$in Capital in Excess of Par$-$Preferred Stock

Paid$-$in Capital in Excess of Par$\_$Common Stock

Retained Earnings

$$2,988,000$

$10,095,000$

$206,000$

$26,815,000$

$4,485,000$

The following transactions affected stockholders' equity during $2026.$

Jan. $1,31,100$ shares of preferred stock issued at $$24$ per share.

Feb. $1550,500$ shares of common stock issued at $$21$ per share.

June $12-$for$-1$ stock split $($par value reduced to $$2\mathrm{.}50).$

July $132,900$ shares of common treasury stock purchased at $$11$ per share. Novak uses the cost method.

Sept. $159,000$ shares of treasury stock reissued at $$12$ per share.

Dec. $31$ The preferred dividend is declared, and a common dividend of $52!in$ per share is declared.

Dec. $31$ Net income is $$2,078,000.$

Prepare the stockholders' equity section for Novak Company at December $31,2026.($Enter account name only and do not provide

describtive information.$)$

NOVAK COMPANY

Stockholders' Equity

December $31,2026$

Common Stock

$

Total Capital Stock

$

Additional Paid$-$in Capital

Paid$-$in Capital in Excess of Par $-$ Preferred Stock

$

Paid$-$in Capital in Excess of Par $-$ Common Stock