In Draco Corporation's first year of business, the following transactions affected its equity accounts. Prepare the stockholders' equity section of Draco's balance sheet as of December 31. - Issued 4,000 shares of $2 par value common stock for $18. It authorized 20,000 shares. - Issued 1,000 shares of 12%,$10 par value preferred stock for $23. It authorized 3,000 shares. - Reacquired 200 shares of common stock for $30 each. - Retained earnings is impacted by reported net income of $50,000 and cash dividends of $15,000