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At the beginning of 2021, Artichoke Academy reported a balance in common stock of $159,000 and a balance in retained earnings of $59,000. During
At the beginning of 2021, Artichoke Academy reported a balance in common stock of $159,000 and a balance in retained earnings of $59,000. During the year, the company issued additional shares of stock for $49,000, earned net income of $39,000, and paid dividends of $10,900. In addition, the company reported balances for the following assets and liabilities on December 31. Assets Cash Supplies Prepaid rent Land Liabilities $ 53,500 11,800 Accounts payable Utilities payable 28,500 245,000 Salaries payable Notes payable Required: 1. Prepare a statement of stockholders' equity 2. Prepare a balance sheet. Complete this question by entering your answers in the tabs below. 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 Beginning Balance Common Stock Retained Earnings Total Stockholders' Equity $11,100 4,200 4,400 24,000 Ending Balance Stm of Stockholders Equity Balance Sheet >
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