mework Saved Help Save & Exit Submit You skipped this question in the previous attempt. Check my work 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 5,200 shares of $2 par value common stock for $30. It authorized 20,000 shares. Issued 1,300 shares of 12 %, $10 par value preferred stock for $35. It authorized 3,000 shares. Reacquired 260 shares of common stock for $42 each. Retained earnings is impacted by reported net income of $62,000 and cash dividends of $21,000. 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.) DRACO CORPORATION Stockholders' Equity Section of the Balance Sheet December 31 6 of 7 Next > ( Prev Homework i Saved You skipped this question in the previc Retained earnings is impacted by reported net income of $62,000 and c Prepare the stockholders' equity section of Draco's balance sheet as of Decer by a minus sign.) DRACO CORPORATION Stockholders' Equity Section of the Balance Sheet December 31 Total stockholders' equity %24