At the beginning of $2024,$ Glasson Academy 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 $31.$

$\backslash$table$[[,$Liabilities,$],[$Cash$,$Assets,$$52,700,$Accounts payable$],[$Supplies$,11,000,$Utilities payable,$$7,100$