At the beginning of 2024, Artichoke Academy reported a balance in common stock of $150,000 and a balance in retained earnings of $50,000. During the year, the company issued additional shares of stock for $40,000, earned net income of $30,000, and paid dividends of $10,000. In addition, the company reported balances for the following assets and liabilities on December 31. Assets Liabilities Cash $52,600 Accounts payable $9,100 Supplies 13,400 Utilities payable 2,400 Prepaid rent 24,000 Salaries payable 3,500 Land 200,000 Notes payable 15,000 Prepare a statement of stockholders equity and Prepare a balance sheet.