At the beginning of Year 1, a company reported a balance in common stock of $167,000 and a balance in retained earnings of $67,000. During the year, the company issued additional shares of stock for $57,000, earned net income of $47,000, and paid dividends of $11,700. In addition, the company reported balances for the following assets and liabilities on December 31. Cash Supplies Prepaid rent Land Assets Liabilities $ 54,300 12,600 32,500 285,000 Accounts payable Utilities payable Salaries payable Notes payable Required: 1. Prepare a statement of stockholders' equity. 2. Prepare a balance sheet. $15,100 5,800 5,200 32,000 Required: 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. Beginning Balance Add: Net income Less: Dividends Ending Balance Statement of Stockholders' Equity For the Year Ended December 31, Year 1 Common Stock Retained Earnings Total Stockholders' Equity Stmt of Stockholders Equity Balance Sheet >