please show me everything step by step especially the last portion of it which i got wrong not sure what im doing wrong i need the complete journal entry full with a step by step solution of how you got each number

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Novak Company has two classes of capital stock outstanding: $\backslash (8\backslash \%\backslash ),\backslash (\backslash$$ $20\backslash )$ par preferred and $\backslash (\backslash$$ $5\backslash )$ par common. At December $31,2025,$ the following accounts were included in stockholders' equity.

The following transactions affected stockholders' equity during $2026.$

Jan. $\backslash (1\backslash$quad $31,100\backslash )$ shares of preferred stock issued at $\backslash$$$24$ per share.

Feb. $\backslash (1\backslash$quad $50,500\backslash )$ shares of common stock issued at $\backslash$$$21$ per share.

June $\backslash (1\backslash$quad $\backslash )2-$for$-1$ stock split $($par value reduced to $\backslash$$$2\mathrm{.}50).$

July $\backslash (1\backslash$quad $32,900\backslash )$ shares of common treasury stock purchased at $\backslash (\backslash$$ $11\backslash )$ per share. Novak uses the cost method.

Sept. $\backslash (15\backslash$quad $9,000\backslash )$ shares of treasury stock reissued at $\backslash$$$12$ per share.

Dec. $31$ The preferred dividend is declared, and a common dividend of $\backslash (52\backslash$$ $\backslash )$ per share is declared.

Dec. $31$ Net income is $\backslash$$$2,078,000.$

Prepare the stockholders' equity section for Novak Company at December $31,2026.($Enter account name only and do not provide descriptive information.$)$

Prepare the stockholders' equity section for Novak Company at December $31,2026.($Enter account name only and do not provide

descriptive information.$)$

NOVAK COMPANY

Stockholders' Equity

December $31,2026$

$-$eferred Stock

Paid$-$in Capital in Excess of Par $-$ Preferred Stock

Paid$-$in Capital in Excess of Par $-$ Common Stock

Paid$-$in Capital from Treasury Stock

atained Earnings

otal Paid$-$in Capital and Retained Earnings

Treasury Stock

eTextbook and Media

List of Accounts