At the beginning of 2021, Artichoke Academy reported a balance in common stock of $150,000 and a balance in retained earnings of $50,000. During the year, the company issued additional shares of stock for $40,000, earned net income of $30,000, and paid dividends of $10,000. In addition, the company reported balances for the following assets and liabilities on December 31.

Required:1. Prepare a statement of stockholders? equity.2. Prepare a balance sheet.

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Liabilities Assets Accounts payable Utilities payable Salaries payable Notes payable $ 52,600 13,400 $ 9,100 2,400 Cash Supplies Prepaid rent Land 24,000 3,500 15,000 200,000