3 At the beginning of Year 1, a company reported a balance in common stock of $151,000 and a balance in retained earnings of $51,000. During the year, the company issued additional shares of stock for $41,000, earned net income of $31,000, and paid dividends of $10,100. In addition, the company reported balances for the following assets and liabilities on December 31. Assets Cash Supplies Prepaid rent Land 01:44:41 Liabilities Accounts payable Utilities payable Salaries payable Notes payable $ 52,700 11,800 24,500 205, eee $ 7,100 2,6ee 3, see 16,eee Required: 1. Prepare a statement of stockholders' equity. 2. Prepare a balance sheet. Complete this question by entering your answers in the tabs below. Strait of Stockholders Balance Sheet Equity Prepare a statement of stockholders' equity. Statement of Stockholders Equity For the Year Ended December 31, Year 1 Common Stock Retained Earnings Total Stockholders Equity Beginning Balance Ending Balance Balance Sheet > Complete this question by entering your answers in the tabs below. Stmt of Stockholders Balance Sheet Equity Prepare a balance sheet. Balance Sheet December 31 Year Assets Liabilities Total Liabilities Stockholders' Equity Total Stockholders' Equity Total Liabilities and Stockholders' Equity Total Assets Stmt of Stockholders Equity