At the beginning of 2018, Artichoke Academy reported a balance in common stock of $158,000 and a balance in retained earnings of $58,000. During the year, the company issued additional shares of stock for $48.000, earned net income of $38,000, and paid dividends of $10,800. In addition, the company reported balances for the following assets and liabilities on December 31. Assets Liabilities Cash $ 53,400 Accounts payable $ 10,600 Supplies 11,700 Utilities payable 4,000 Prepaid rent 28,000 Salaries payable 4,300 Land 240,000 Notes payable 23,000 Required: 1. Prepare a statement of stockholders' equity. ARTICHOKE ACADEMY Statement of Stockholders' Equity Common Stock Retained Earnings Total Stockholders Equity Beginning balance Ending balance 2. Prepare a balance sheet. ARTICHOKE ACADEMY Balance Sheet Assets Liabilities O Total liabines Stockholders' Equity Required: 1. Prepare a statement of stockholders' equity. ARTICHOKE ACADEMY Statement of Stockholders' Equity Common Stock Retained Earnings Total Stockholders Equity Beginning balance Ending balance 2. Prepare a balance sheet. ARTICHOKE ACADEMY Balance Sheet Assets Liabilities Total liabilities 0 Stockholders' Equity 0 Total stockholders' equity Total liabilities and stockholders' equity Total assets $ 0 $ 0