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Exercise 13-13 Preparing stockholders' equity section LO P1, C2, P3, C3 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 par value preferred stock for $45. It authorized 3,000 shares, Reacquired 310 shares of common stock for $52 each. Retained earnings 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 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 Total stockholders equity