Novak Corp. was organized on January 1. 2017. It is authorized to issue 24,000 shares of 5%, $53 par value preferred stock and 460,000 shares of no-par common stock with a stated value of $1 per share. The following stock transactions were completed during the first year Jan. 10 Issued 70,000 shares of common stock for cash at $4 per share Mar. 1 Issued 1,200 shares of preferred stock for cash at $54 per share. Issued 115,000 shares of common stock for cash at $6 per share. May 1 Sept. 1 Issued 5,000 shares of common stock for cash at $7 per share. Nov. 1 Issued 3,000 shares of preferred stock for cash at $58 per share. Journalize the transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter O for the amounts) Debit Date Account Titles and Explanation Credit Jan. 10 280000 Date Account Titles and Explanation Debit Credit Jan. 10 280000 eTextbook and Media Post to the stockholders equity accounts. (Post entries in the order of journal entries posted in the previous part) Preferred Stock Paid-in Capital in Excess of Par Value-Preferred Stock Common Stock Paid-in Capital in Excess of Stated Value Common Stock Prepare the paid-in capital portion of the stockholders' equity section at December 31,2017 NOVAK CORP Partial Balance Sheet