Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate Pratt Corp. started the Year 2 accounting period with total assets of $29,000 cash. $11,500 of liabilities, and $14,000 of retained earnings. During the Year 2 accounting period, the Retained Earnings account increased by $15,550. The bookkeeper reported that Pratt paid cash expenses of $30,500 and paid a $2,900 cash dividend to stockholders, but she could not find a record of the amount of cash revenue that Pratt received for performing services, Pratt also paid $4,000 cash to reduce the liability owed to a bank, and the business acquired $6,300 of additional cash from the issue of common stock. Assume all transactions are cash transactions. Problem 1-33A Part c. Prepare the Year 2 balance sheet. Answer is complete but not entirely correct. PRATT CORP. Balance Sheet As of December 31, Year 2 Assets Cash $ 46,850 0 IS $ 46,850 $ 7,500 Total assets Liabilities Stockholders' Equity Common stock Retained earnings lo 9,800 26,650 X 0 Total stockholders' equity 36,450 MacBook Pro