Mc Chapter 11 Qu Graw H Save & Ex Submit In Draco Corporation's first year of business, the following transactions affected its equity accounts 4 Issued 4,400 shares of $2 par value common stock for $22. It authorized 20,000 shares Issued 1300 shares of 12% $10 par value preferred stock for $27. It authorized 3.000 shares Reacquired 220 shares of common stock for $34 each Retained earnings is impacted by reported net income of $54,000 and cash dividends of $17000 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 stackholders equity < Prev 45 Nexly 756 PM 6/24/2022