In Draco Corporation's first year of business, the following transactions affected its equity accounts. . Issued 6,000 shares of $2 par value common stock for $38. It authorized 20,000 shares. Issued 1,500 shares of 12%, $10 par value preferred stock for $43. It authorized 3,000 shares. Reacquired 300 shares of common stock for $50 each. Retained earnings is impacted by reported net income of $70,000 and cash dividends of $25,000. 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