. In Draco Corporation's first year of business, the following transactions affected its equity accounts Issued 6,800 shares of $2 par value common stock for $46. It authorized 20,000 shares. Issued 1,700 shares of 12%, $10 par value preferred stock for $51. It authorized 3,000 shares. Reacquired 340 shares of common stock for $58 each Retained earnings is impacted by reported net income of $78,000 and cash dividends of $29,000. 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