At the beginning of 2018, Artichoke 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.

Assets Cash Supplies Prepaid rent Land Liabilities $ 52,700 Accounts payable 11,000 Utilities payable 24,500 Salaries payable $7,100 2,600 3,600 16,000 205,000 Notes payable Required 1. Prepare a statement of stockholders' equity ARTICHOKE ACADEMY Statement of Stockholders' Equity Retained mon Stock Earnings Total Stockholders Equity Com Beginning balance ssuance of common stock Add: Net income ess: Dividends Ending balance