At the beginning of $2024,$ Glasson Academy reported a balance in common stock of $$163,000$ and a balance in retained earnings of $$63,000.$ During the year, the company issued additional shares of stock for $$53,000,$ earned net income of $$43,000,$ and paid dividends of $$11,300.$ In addition, the company reported balances for the following assets and liabilities on December $31.$

$\backslash$table$[[,$Assets,,Liabilities$],[$Cash$,,$$$53,900,$Accounts payable,$$13,100$