At the beginning of 2018, Artichoke Academy reported a balance in common stock of $162,000 and a balance in retained eamings of additional shares of stock for $52,000, earmed net income of $42,000, and paid dividands of $11,200. In addition, the company reported balances for the following assets December 31 $62,000. Durning the year, the company issued and iablites on 12,100 Utilities payable 30,000 $ 12.800 4800 4,700 27,000 Propaid rent Land payable 1. Prepare a statement of Tolail