Respuesta :
Answer:
The preparation of the partial balance sheet is shown below:
Explanation:
Novak Corp
Partial Balance Sheet
December 31, 2017
Stockholders Equity
Paid-in capital
Capital stock
8% Preferred stock, $100 par value $150,000
Common stock, no par, $5 stated value $1,960,000
Total capital stock $2,110,000
Additional paid-in capital
In excess of par - preferred stock $21,000
In excess of stated value - common stock $1,510,000
Total additional paid-in capital $1,531,000
Total paid-in capital $3,641,000
Retained earnings $85,000
Total paid-in capital and retained earnings $3,726,000
Accumulated other comprehensive income $49,000
Less: Treasury stock (4,000 common shares) $(40,000)
Total stockholders’ equity $3,735,000
