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. \begin{tabular}{|l|} \hline DRACO CORPORATION \\ \hline Stockholders' Equity Section of the Balance Sheet \\ \hline December 31 \\ \hline \\ \hline \\ \hline \\ \hline \end{tabular}