please help asap! In Draco Corporation's first year of business, the following transactions affected...
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Accounting
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In Draco Corporation's first year of business, the following transactions affected its equity accounts. - Issued 8,000 shares of \\( \\$ 2 \\) par value common stock for \\( \\$ 58 \\). It authorized 20,000 shares. - Issued 2,000 shares of 12\\%, \\$10 par value preferred stock for \\$63. It authorized 3,000 shares. - Reacquired 400 shares of common stock for \\( \\$ 70 \\) each. - Retained earnings is impacted by reported net income of \\( \\$ 90,000 \\) and cash dividends of \\( \\$ 35,000 \\). 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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