In Draco Corporation's first year of business, the following transactions affected its equity accounts. Issued 5,600 shares of $2 par value common stock for $34. It authorized 20,000 shares. Issued 1,400 shares of 12%, $10 par value preferred stock for $39. It authorized 3,000 shares. Reacquired 280 shares of common stock for $46 each. Retained earnings is impacted by reported net income of $66,000 and cash dividends of $23,000. 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 Total stockholders' equity