Current Attempt in Progress Novak Corp. reported the following balances at December $31,2021$: common stock $\backslash$$$409,000,$ paid$-$in Capital in Excess of Parcommon stock $\backslash (\backslash$$ $106,500\backslash ),$ and retained earnings $\backslash (\backslash$$ $259,000\backslash ).$ During $2022,$ the following transactions affected stockholders' equity. $1.$ Issued preferred stock with a par value of $\backslash (\backslash$$ $128,000\backslash )$ for $\backslash (\backslash$$ $204,000\backslash ).2.$ Purchased treasury stock $($common$)$ for $\backslash (\backslash$$ $40,000\backslash ).3.$ Earned net income of $\backslash (\backslash$$ $140,000\backslash ).4.$ Declared and paid cash dividends of $\backslash (\backslash$$ $52,500\backslash ).$ Prepare the stockholders' equity section of Novak Corp.$\text{'}$s December $31,2022,$ balance sheet. Novak Corp. Balance Sheet $($Partial$)$ For the Year Ended December $31,2022$ Stockholders' Equity Paid$-$in Capital Paid$-$in Capital in Excess of Par$-$Preferred Stock Paid$-$in Capital in Excess of Par$-$Common Stock Total Additional Paid$-$in Capital Stockholders' Equity List of Accounts