At the beginning of $2024,$ a company reported a balance in common stock of $$155,000$ and a balance in retained earnings of

$$55,000.$ During the year, the company issued additional shares of stock for $$45,000,$ earned net income of $$35,000,$ and paid

dividends of $$10,500.$ In addition, the company reported balances for the following assets and liabilities on December $31.$

Required:

Prepare a statement of stockholders' equity.

Prepare a balance sheet.