In Draco Corporation's first year of business, the following transactions affected its equity accounts. Issued 5,200 shares of $2 par value common stock for $30. It authorized 20,000 shares. Issued 1,300 shares of 12%, $10 par value preferred stock for $35. It authorized 3,000 shares. Reacquired 260 shares of common stock for $42 each Retained earnings is impacted by reported net income of $62,000 and cash dividends of $21,000. 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 Common stock-$2 par value $ 10,400 Paid-in capital in excess of par value, common stock 156,000 Preferred stock-$10 par value 13,000 Paid-in capital in excess of par value, preferred stock Retained earnings 41,000 Less: Cost of treasury stock (10,920) Total stockholders' equity 209,480