Novak Corp. has been authorized to issue 21,000 shares of $100 par value, 10%, noncumulative preferred stock and 967,200 shares of no-par common stock. The corporation assigned a $2.60 stated value to the common stock At December 31,2022 , the ledger contained the following post-closing balances pertaining to stockholders' equity. All preferred stock was issued for land having a fair value of $143,000. All common stock issued was for cash. in November, 1,500 shares of common stock were purchased for the treasury at a per share cost of 513 . In December, 500 shares of treasury stock were sold for $16 per share. No dividends were declared in 2022. (a) Your answer has been sived. See score detalls after the due date Prepare the journal entries for the following icredit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select 'No Entry' (or the occount bitles and enter of for the amounb) Prepare the stockholders' equity section at December 31, 2022. (Enter the account name only and do not provide the descriptive information provided in the question.)