Draco Corporation's first year of business, the following transactions affected its equity accounts.

-Issued 4,200 shares of $2 par value common stock for $20. It authorized 20,000 shares.

-Issued 1,050 shares of 12%, $10 par value preferred stock for $25. It authorized 3,000 shares.

-Reacquired 210 shares of common stock for $32 each.

-Retained earnings is impacted by reporting net income of $52,000 and cash dividends of $16,000.

Prepare the stockholders' equity section of Draco's balance sheet as of December 31.