5 10.50 points On December 31, Fighting Okra Cooking Services reports the following revenues and expenses $ 86,000 Legal fees expense Rent expense 2,950 11,700 Supplies expense 20,000 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 companyi shares of common stock for $36,000 and paid dividends of $32,000. Required 1 Prepare an income statement NG OKRA COOKING SERVICES 0 Type here to search 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 yea shares of common stock for $36,000 and paid dividends of $32,000 Required: 1. Prepare an income statement. FIGHTING OKRA COOKING SERVICES Income Statement ent of s' equity 2. Prepare a statement of stockholders equity. FIGHTING OKRA COOKIN ERVICES Statement of Stockholders Equity Common Stock Retained Earnings Stockholde Ec ning balance Ending balance