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At the beginning of 2021, Artichoke Academy reported a balance in common stock of $163,000 and a balance in retained earnings of $63,000. During the

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At the beginning of 2021, 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 Liabilities Cash $ 53,900 Accounts payable $13, 100 Supplies 12,200 Utilities payable 5.000 Prepaid rent 30, 500 Salaries payable 4,800 Land 265,000 Notes payable 28,000 Required: 1. Prepare a statement of stockholders' equity. 2. Prepare a balance sheet. Stockholders Balance Sheet Equity Prepare a balance sheet. ws ARTICHOKE ACADEMY Balance Sheet December 31, 2021 Assets Liabilities Cash Supplies Prepaid Rent Land Accounts payable Utilities Payable Salaries Payable Notes Payable Total Liabilities 0 Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity 0 Total Assets 0 $ 0

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