Novak Company reported the following amounts in the stockholders' equity section of its December 31, 2019, balance sheet. Preferred stock, 10%, $100 par (10,000 shares authorized, 1,800 shares issued) Common stock, $5 par (93,000 shares authorized, 18,600 shares issued) Additional paid-in capital Retained earnings Total 1. 2. 3. During 2020, Novak took part in the following transactions concerning stockholders' equity. 4. 5. 6. $180,000 7. 93,000 130,000 467,000 $870,000 Paid the annual 2019 $10 per share dividend on preferred stock and a $2 per share dividend on common stock. These dividends had been declared on December 31, 2019. Purchased 1,500 shares of its own outstanding common stock for $41 per share. Novak uses the cost method. Reissued 800 treasury shares for land valued at $35,600. Issued 550 shares of preferred stock at $104 per share. Declared a 10% stock dividend on the outstanding common stock when the stock is selling for $46 per share. Issued the stock dividend. Declared the annual 2020 $10 per share dividend on preferred stock and the $2 per share dividend on common stock. These dividends are payable in 2021.

During 2020 , Novak took part in the following transactions concerning stockholders' equity. 1. Paid the annual 2019$10 per share dividend on preferred stock and a $2 per share dividend on common stock. These dividends had been declared on December 31, 2019. 2. Purchased 1,500 shares of its own outstanding common stock for $41 per share. Novak uses the cost method. 3. Reissued 800 treasury shares for land valued at $35,600. 4. Issued 550 shares of preferred stock at $104 per share. 5. Declared a 10% stock dividend on the outstanding common stock when the stock is selling for $46 per share. 6. Issued the stock dividend. 7. Declared the annual 2020$10 per share dividend on preferred stock and the $2 per share dividend on common stock. These dividends are payable in 2021