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Novak Corporation was organized on January 1,2022 . It is authorized to issue 13,000 shares of 8%,$100 par value preferred stock, and 526,000 shares of

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Novak Corporation was organized on January 1,2022 . It is authorized to issue 13,000 shares of 8%,$100 par value preferred stock, and 526,000 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 84,500 shares of common stock for cash at $6 per share. Mar. 1 Issued 5,150 shares of preferred stock for cash at $105 per share. Apr. 1 Issued 24,000 shares of common stock for land. The asking price of the land was $91,000. The fair value of the land was $80,500. May 1 Issued 83,500 shares of common stock for cash at $4.75 per share. Aug. 1 Issued 11,000 shares of common stock to attorneys in payment of their bill of $38,500 for services performed in helping the company organize. Sept. 1 Issued 12,000 shares of common stock for cash at $7 per share. Nov. 1 Issued 2,000 shares of preferred stock for cash at $109 per share. Prepare the paid-in capital section of stockholders' equity at December 31, 2022. (Enter the account name only and do not provide

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