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Novak Corp. was organized on January 1, 2019. It is authorized to issue 14,500 shares of 8%, $100 par value preferred stock, and 464,000 shares

Novak Corp. was organized on January 1, 2019. It is authorized to issue 14,500 shares of 8%, $100 par value preferred stock, and 464,000 shares of no-par common stock with a stated value of $3 per share. The following stock transactions were completed during the first year:

Jan. 10 Issued 81,500 shares of common stock for cash at $6 per share.
Mar. 1 Issued 4,300 shares of preferred stock for cash at $110 per share.
Apr. 1 Issued 22,500 shares of common stock for land. The asking price of the land was $87,000. The fair value of the land was $83,500.
May 1 Issued 85,000 shares of common stock for cash at $4.25 per share.
Aug. 1 Issued 12,000 shares of common stock to attorneys in payment of their bill of $40,500 for services performed in helping the company organize.
Sept. 1 Issued 12,000 shares of common stock for cash at $6 per share.
Nov. 1 Issued 2,500 shares of preferred stock for cash at $114 per share.

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Prepare the paid-in capital section of stockholders' equity at December 31, 2019. (Enter the account name only and do not provide the descriptive informatio Novak Corp Balance Sheet (Partial) e Textbook and Media

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