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View Policies Current Attempt in Progress Novak Corp's December 31, 2020 balance sheet showed the following: 6% preferred stock. $10 par value, cumulative, $ 220000

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View Policies Current Attempt in Progress Novak Corp's December 31, 2020 balance sheet showed the following: 6% preferred stock. $10 par value, cumulative, $ 220000 30000 shares authorized: 22000 shares issued Common stock, $10 par value, 3,000,000 shares authorized 19500000 1.950,000 shares issued, 1.920,000 shares outstanding 67000 Paid-in capital in excess of par value preferred stock 29000000 Paid-in capital in excess of par value - common stock 9750000 Retained earnings 672000 Treasury stock (32000 shares) Novak's total stockholders' equity was $59209000 $57865000 O $48299000 $1026610

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