10 Exercise 11-13 Preparing stockholders' equity section LO P1, C2, P3, C3 1 ponts Skiped in Draco Corporation's first year of business, the following transactions affected its equity accounts Issued 2600 shares of $2 por value common stock for $54. It authorized 20,000 shares. Issued 1.900 shares of 12% $10 par value preferred stock for $59. It authorized 3,000 shares Reacquired 380 shares of common stock for $66 each Retained earnings is impacted by reported net income of $86,000 and em dividonds of $33,000, 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) Bone Ask DRACO CORPORATION Stockholders Equity Blection of the Dalance Sheet December 31 Total stockholders guity Exercise 11-13 Preparing stockholders' equity section LO P1, C2, P3, 1 points . Skipped In Draco Corporation's first year of business, the following transactions affected its equity accou Issued 7,600 shares of $2 par value common stock for $54. It authorized 20,000 shares. Issued 1,900 shares of 12%, $10 par value preferred stock for $59. It authorized 3,000 shar Reacquired 380 shares of common stock for $66 each. Retained earnings is impacted by reported net income of $86,000 and cash dividends of $ Prepare the stockholders' equity section ul Draco's balance sheet as of December 31. (Amounts by a minus sign.) . eBook ASK DRACO CORPORATION Stockholders' Equity Section of the Balance Sheet December 31 References Cash Common dividend payable Common stock-$2 par value Income summary Inventory $ 10 Exercise 11-13 Preparing stockholders' equity section LO P1, C2, P3, 1 points Skipped In Draco Corporation's first year of business, the following transactions affected its equity accounts. Issued 7,600 shares of $2 par value common stock for $54. It authorized 20,000 shares. Issued 1,900 shares of 12%, $10 par value preferred stock for $59. It authorized 3,000 shares. Reacquired 380 shares of common stock for $66 each. Retained earnings is impacted reported net income of $86,000 and cash dividends of $33, Prepare the stockholders' equity section of Draco's balance sheet as of December 31. (Amounts to be by a minus sign.) eBook Ask DRACO CORPORATION Stockholders' Equity Section of the Balance Sheet December 31 References Land Machinery Pald-in capital in excess of par value, common stock Paid-in capital in excess of par value, preferred stock Pald-in capital, treasury stock MC Graw Mill