At the beginning of 2018, Artichoke Academy reported a balance in common stock of $155,000 and a balance in retained earnings of $55,000. During the year, the company issued additional shares of stock for $45,000, earned net income of $35,000, and paid dividends of $10,500. In addition, the company reported balances for the following assets and liabilities on December 31. Assets Cash Supplies Prepaid rent Land Liabilities $ 53,100 Accounts payable 11,400 Utilities payable 26,500 Salaries payable 225,000 Notes payable $ 9,100 3,400 4.000 20,000 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 0 Stockholders' Equity 0 Total stockholders' equity Total liabilities and stockholders' equity Total assets $ 0 $ 0