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

Issued $6,400$ shares of $$2$ par value common stock for $$42.$ It authorized $20,000$ shares.

Issued $1,600$ shares of $12\%,$$$10$ par value preferred stock for $$47.$ It authorized $3,000$ shares.

Reacquired $320$ shares of common stock for $$54$ each.

Retained earnings is impacted by reported net income of $$74,000$ and cash dividends of $$27,000.$

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.

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