2.00 points Exercise 1-10 Link the income statement to the statement of stockholders' equity (L01-3) On December 31, Fighting Okra Cooking Services reports the following revenues and expenses. 86,000 2,050 2.950 11,700 35,000 20,000 Postage expense Legal lees expense Rent expense In addition, the balance of common stock at the beginning of the year was $750,000 and the balance of retained earnings was $54,000. During the year, the company issued additional shares of common stock for $36,000 and paid dividends of $32,000 Required: 1. Prepare an income statement. Postage expense 2.950 Supplies expense 1,700 2. Prepare a statement of stockholders' equity. Equity Common Stock