At the beginning of 2018, Artichoke 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. Assets Cash Supplies Prepaid rent Land Liabilities $ 53,900 Accounts payable 12,200 Utilities payable 30,500 Salaries payable 265,000 Notes payable $ 13,100 5,000 4,800 28,000 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 Total liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity Total assets