novak corp. reported the following balances at december 31, 2021: common stock $409,000, paid-in capital in excess of par-common stock $106,500, and retained earnings $259,000. during 2022, the following transactions affected stockholders' equity. 2. 3. 4 issued preferred stock with a par value of $128,000 for $204,000. purchased treasury stock (common) for $40.000 earned net income of $140,000. declared and paid cash dividends of $52,500. prepare the stockholders' equity section of novak corp.'s december 31, 2022, balance sheet.