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. Cash Supplies Prepaid rent Land Required: Assets Liabilities $52,900 11,200 Accounts payable Utilities payable 25,500 215,000 Salaries payable Notes payable 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 balance sheet. Assets NORTON ACADEMY Balance Sheet December 31, 2024 $8,100 3,000 3,800 18,000 Liabilities Total Liabilities 0 Stockholders' Equity Total Stockholders' Equity 0 Total Assets $ 0 Total Liabilities and Stockholders' Equity S D Start of Stockholders Famihe 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. Cash Supplies Prepaid rent Land Required: Assets Liabilities $52,900 11,200 25,500 215,000 Accounts payable Utilities payable Salaries payable Notes payable 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. NORTON ACADEMY Statement of Stockholders' Equity For the Year Ended December 31, 2024 Beginning Balance Common Stock Retained Earnings Total Stockholders' Equity $8,100 3,000 3,800 18,000 Ending Balance 0 $ 0 S 0 Stmt of Stockholders Equity Balance Sheet >