10 10 points 00 Print In Draco Corporation's first year of business, the following transactions affected its equity accounts. Issued 6.400 shares of $2 par value common stock for $42. It authorized 20,000 shares Issued 1,600 shares of 12%, $10 par value preferred stock for $47. It authorized 3,000 shares. Reacquired 320 shares of common stock for $54 each Retained earnings is impacted by reported net income of $74,000 and cash dividends of $27,000 Prepare the stockholders' equity section of Draco's balance sheet as of December 31. (Amounts to be deducted should be indicated by a minus sign) DRACO CORPORATION Stockholders' Equity Section of the Balance Sheet December 31 Preferred stock310 par value Paid in capital in excess of par Value, preferred stock Common Mock-$2 par value Paid.in capital in excess of par valve common stock Retained earnings Less Cost of treasury stock Total stockholders equity $ 0