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At the beginning of 2021, Artichoke Academy reported a balance in common stock of $169,000 and a balance in retained earnings of $69,000. During the
At the beginning of 2021, Artichoke Academy reported a balance in common stock of $169,000 and a balance in retained earnings of $69,000. During the year, the company issued additional shares of stock for $59,000, earned net income of $49,000, and paid dividends of $11900. In addition, the company reported balances for the following assets and liabilities on December 31. Assets Cash Supplies Prepaid rent Land $ 54,500 12,800 33,500 295,000 Liabilities Accounts payable Utilities payable Salaries payable Notes payable $16, 100 6,200 5,400 34,000 Required: 1. Prepare a statement of stockholders' equity. 2. Prepare a balance sheet. Stmt of Stockholders Balance Sheet Equity Prepare a balance sheet. ARTICHOKE ACADEMY Balance Sheet December 31, 2021 Assets Liabilities Total Liabilities Stockholders' Equity 0 Total Stockholders' Equity Total Liabilities and Stockholders' Equity Total Assets $ 0 $ 0 Stmt of Stockholders Balance Sheet Equity Prepare a statement of stockholders' equity. ARTICHOKE ACADEMY Statement of Stockholders' Equity For the Year Ended December 31, 2021 Common Stock Retained Earnings Total Stockholders' Equity Beginning Balance Ending Balance Stmt of Stockholders Equity Balance Sheet >
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