At the beginning of Year 1, a company reported a balance in common stock of $165,000 and a balance in retained earnings of $65,000. During the year, the company issued additional shares of stock for $55,000, earned net income of $45,000, and paid dividends of $11,500. In addition, the company reported balances for the following assets and liabilities on December 31. Cash Supplies Prepaid rent Land Assets $ 54,100 12,400 31,500 275,000 Notes payable Liabilities Accounts payable Utilities payable Salaries payable $14,100 5,400 5,000 30,000 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. Statement of Stockholders' Equity For the Year Ended December 31, Year 1 Common Stock Retained Earnings Total Stockholders' Equity Beginning Balance Issuance of Common Stock Add: Net income Less: Dividends Ending Balance Stmt of Stockholders Equity Balance Sheet >