Statement of Stockholders' Equity and Balance Sheet The following is balance sheet information for Flush Janitorial Service, Inc., at the end of 2019 and 2018:

Required

a. Prepare a balance sheet as of December 31 of each year.

b. Prepare a statement of stockholders' equity for 2019. The increase in retained earnings is equal to the net income less the dividend.

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Accounts payable... Cash.... Accounts receivable. Land...... Building, net December 31, 2019 $ 17,000 December 31, 2018 $ 18,000 50,000 44,000 78,000 62,000 92,000 92,000 500,000 520,000 Equipment, net. 75,000 77,000 Mortgage payable. 175.000 205,000 Supplies.. 27,000 22,000 Common stock 420,000 420,000 Dividends.. 20,000 0 Retained earnings ? ?