The following account balances were taken from the adjusted trial balance for Laser Corrective Vision Company, a health care company, for the fiscal year ended December 31, 20Y2:

On January 1, 20Y2, Retained Earnings had a balance of $100,000. During 20Y2, common stock of $50,000 was issued.
Prepare an income statement and statement of stockholders’ equity for Laser Corrective Vision.

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Common Stock Depreciation Expense Dividends Fees Earned Insurance Expense $175,000 25,000 6,000 312,000 6,000 Miscellaneous Expense Rent Expense Salaries Expense Supplies Expense Utilities Expense $ 8,500 20,000 165,000 15,500 12,000