At the beginning of 2024, Norton Academy reported a balance in common stock of $153,000 and a balance in retained earnings of $53,000. During the year, the company issued additional shares of stock for $43,000, earned net income of $33,000, and paid dividends of $10,300. In addition, the company reported balances for the following assets and liabilities on December 31.

Assets		Liabilities
Cash	$52,900	Accounts payable	$8,100
Supplies	11,200	Utilities payable	3,000
Prepaid rent	25,500	Salaries payable	3,800
Land	215,000	Notes payable	18,000

Required:

Prepare a statement of stockholders equity.

Prepare a balance sheet.