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

Issued $8,000$ shares of $$2$ par value common stock for $$58.$ It authorized $20,000$ shares.

Issued $2,000$ shares of $12\%,$$$10$ par value preferred stock for $$63.$ It authorized $3,000$ shares.

Reacquired $400$ shares of common stock for $$70$ each.

Retained earnings is impacted by reported net income of $$90,000$ and cash dividends of $$35,000.$

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.

DRACO CORPORATION

Stockholders' Equity Section of the Balance Sheet

December $31$