Issued 4,000 share $2 par value common stock for $18 it authorized rise 20,000 share Issue 1,000 shares of 12% of $10 par value preferred stock for $23. It authorized 3,000 shares . Reacquainted 200 shares of common stock for $30 each Retained earnings is impacted by a reported net income of 50.000 and cash divideds of $15,000

Prepare the stockholders Equity section of Draco's balance sheets as of December 31.