18 Exercise 1-11A Link the statement of stockholders' equity to the balance sheet (LO1-3) 1.54 points Check my work At the beginning of 2021, Artichoke Academy reported a balance in common stock of $160,000 and a balance in retained earnings of $60,000. During the year, the company issued additional shares of stock for $50,000, earned net income of $40,000, and paid dividends of $11,000. In addition, the company reported balances for the following assets and liabilities on December 31. Cash eBook Supplies Prepaid rent Land Print Assets Liabilities $ 53,600 11,900 Accounts payable Utilities payable 29,000 250,000 Salaries payable Notes payable Required: 1. Prepare a statement of stockholders' equity. References 2. Prepare a balance sheet. Complete this question by entering your answers in the tabs below. Stmt of Stockholders Balance Sheet Equity Prepare a statement of stockholders' equity. ARTICHOKE ACADEMY Statement of Stockholders' Equity For the Year Ended December 31, 2021 Beginning Balance Issuance of Common Stock Add: Net income Less: Dividends Common Stock Retained Earnings Total Stockholders' Equity $11,600 4,400 4,500 25,000 Ending Balance $ 89,000 Stmt of Stockholders Equity Balance Sheet >