At the end of Year 1, Emma, Inc. had $600 of cash, $400 of liabilities, $200 of common stock, and zero in retained earnings. During Year 2, the company generated $560 of cash revenue and incurred $900 of cash expenses. Required: Prepare balance sheets for Year 1 and Year 2. (Amounts to be deducted should be indicated with a minus sign.) EMMA, INC. Balance Sheet December 31, Year 1 & Year 2 Year 1 Year 2 Assets Total assets $ 0 $ 0 Total liabilities Stockholders' Equity 0 0 Total stockholders' equity Total liabilities and stockholders' equity $ 0 $ 0