In Draco Corporation's first year of business, the following transactions affected its equity accounts. Issued 4 800 shares of $2 par value common stock for $26. It authorized 20,000 shares Issued 1,200 shares of 12%, $10 par value preferred stock for $31. It authorized 3,000 shares Reacquired 240 shares of common stock for $38 each Retained earnings is impacted by reported net income of $58,000 and cash dividends of $19,000 Prepare the stockholders' equity section of Draco's balance sheet as of December 31 (Amounts to be deducted by a minus sign.) DRACO CORPORATION Stockholders' Equity Section of the Balance Sheet December 31 Total stockholders' equity