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could someone please help me w this help with this hwk problem? In Draco Corporation's first year of business, the following transactions affected its equity
could someone please help me w this help with this hwk problem?
In Draco Corporation's first year of business, the following transactions affected its equity accounts. - Issued 7,600 shares of \\( \\$ 2 \\) par value common stock for \\( \\$ 54 \\). It authorized 20,000 shares. - Issued 1,900 shares of \12 par value preferred stock for \\( \\$ 59 \\). It authorized 3,000 shares. - Reacquired 380 shares of common stock for \\( \\$ 66 \\) each. - Retained earnings is impacted by reported net income of \\( \\$ 86,000 \\) and cash dividends of \\( \\$ 33,000 \\). 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 Step by Step Solution
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