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Novak Corp, has these accounts at December 31: Common Stock, $12 par, 5,500 shares issued, $65,000; Paid-in Capital in Excess of Par Value $19,000; Retained

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Novak Corp, has these accounts at December 31: Common Stock, $12 par, 5,500 shares issued, $65,000; Paid-in Capital in Excess of Par Value $19,000; Retained Earnings $44,000; and Treasury Stock, 500 shares, $11,000. Prepare the stockholders' equity section of the balance sheet. Novak Corp. Balance sheet (Partial) December 31

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