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10 In Draco Corporation's first year of business, the following transactions affected Its equity accounts. Issued 6,200 shares of $2 par value common stock for

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10 In Draco Corporation's first year of business, the following transactions affected Its equity accounts. Issued 6,200 shares of $2 par value common stock for $40. It authorized 20,000 shares. Issued 1,550 shares of 12%, $10 per value preferred stock for $45. It authorized 3,000 shares. Reacquired 310 shares of common stock for $52 each. Retained eamings is impacted by reported net Income of $72,000 and cash dividends of $26,000 Prepare the stockholders' equity section of Draco's balance sheet os of December 31. (Amounts to be deducted should be Indicated by a minus sign.) DRACO CORPORATION tockholdere Kquity Ballon of the Balance heat December 31 Total stockholders' equity

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