Novak Corp.was organized on January 1, 2019. It is authorized to issue14,500shares of 8%, $100par value preferred stock, and464,000shares of no-par common stock with a stated value of $3per share. The following stock transactions were completed during the first year:

Jan.10Issued81,500shares of common stock for cash at $6per share.Mar.1Issued4,300shares of preferred stock for cash at $110per share.Apr.1Issued22,500shares of common stock for land. The asking price of the land was $87,000. The fair value of the land was $83,500.May1Issued85,000shares of common stock for cash at $4.25per share.Aug.1Issued12,000shares of common stock to attorneys in payment of their bill of $40,500for services performed in helping the company organize.

Sept.1Issued12,000shares of common stock for cash at $6per share.Nov.1Issued2,500shares of preferred stock for cash at $114per share.

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