In Draco Corporation’s first year of business, the following transactions affected its equity accounts.

Issued 6,200 shares of $2 par value common stock for $40. It authorized 20,000 shares.
Issued 1,550 shares of 12%, $10 par value preferred stock for $45. It authorized 3,000 shares.
Reacquired 310 shares of common stock for $52 each.
Retained earnings is impacted by reported net income of $72,000 and cash dividends of $26,000.
Prepare the stockholders’ equity section of Draco’s balance sheet as of December 31.