At the beginning of 2024, Norton Academy reported a balance in common stock of $156,000 and a balance in retained earnings of $56,000. During the year, the company issued additional shares of stock for $46,000, earned net income of $36,000, and paid dividends of $10,600. In addition, the company reported balances for the following assets and liabilities on December 31. Cash Supplies Prepaid rent Land Required: Assets Liabilities $53,200 11,500 Accounts payable Utilities payable 27,000 Salaries payable 230,000 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 Ending Balance Common Stock Retained Earnings Total Stockholders' Equity $9,600 3,600 4,100 21,000