Exercise 11-13 Preparing stockholders' equity section LO P1, C2, P3, C3 In Draco Corporation's first year of business, the following transactions affected its equity accounts. . . Issued 5,800 shares of $2 par value common stock for $36. It authorized 20,000 shares. Issued 1,450 shares of 12%, $10 par value preferred stock for $41. It authorized 3,000 shares. Reacquired 290 shares of common stock for $48 each. Retained earnings is impacted by reported net income of $68,000 and cash dividends of $24,000. . 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.)