In Draco Corporations first year of business, the following transactions affected its equity accounts.

In Draco Corporation's first year of business, the following transactions affected its equity accounts. - Issued 7,200 shares of $2 par value common stock for $50. It authorized 20,000 shares. - Issued 1,800 shares of 12%,$10 par value preferred stock for $55. It authorized 3,000 shares. - Reacquired 360 shares of common stock for $62 each. - Retained earnings is impacted by reported net income of $82,000 and cash dividends of $31,000. 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