b. Statement of stockholders' equity. RILEY, INCORPORATED Statement of Stockholders' Equity For the year ended December 31 Common Stock Retained Earnings Total Stockholders Equity Balance at beginning of the year Balance at end of the year $ 0 $ 0 $ 0 c. Classified balance sheet. RILEY, INCORPORATED Balance Sheet December 31 Liabilities Assets Total liabilities Stockholders' Equity Total stockholders' equity 0 Total liabilities and stockholders' equity Total assets $ $ Riley, Incorporated reports the following amounts at the end of the year: Cash Buildings Accounts payable Interest expense Advertising expense $61,100 Service revenue 43,000 Salaries expense 9,000 Equipment 2,400 Supplies 11,200 Notes payable $95,400 61,800 68,000 5,600 42,000 In addition, the company had common stock of $78,000 at the beginning of the year and issued an additional $5,300 during the year. The company also had retained earnings of $24,600 at the beginning of the year and paid dividends of $1,200 during the year. Prepare the income statement, statement of stockholders' equity, and balance sheet. a. Income statement. RILEY, INCORPORATED Income Statement For the year ended December 31 Revenues: Expenses: Total expenses