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In Draco Corporation's first year of business, the following transactions affected its equity accounts. - Issued 6,600 shares of $2 par value common stock for $44. It authorized 20,000 shares. - Issued 1,650 shares of 12%,$10 par value preferred stock for $49. It authorized 3,000 shares - Reacquired 330 shares of common stock for $56 each. - Retained earnings is impacted by reported net income of $76,000 and cash dividends of $28,000 Prepare the stockholders' equity section of Draco's balance sheet as of December 31 . Note: Amounts to be deducted should be indicated by a minus sign. DRACO CORPORATION Stockholders' Equity Section of the Balance Sheet