Question: could someone please help me w this help with this hwk problem? In Draco Corporation's first year of business, the following transactions affected its equity
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 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 cash dividends of \\( \\$ 33,000 \\). 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
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