Driftwood Investments provides financial services related to investment selections, retirement planning, and general insurance needs. At the end of the year on December 31, 2024, the company reports the following amounts: In addition, the company had common stock of $100,000 at the beginning of the year and issued an additional $11,000 during the year. The company also had retained earnings of $15,300 at the beginning of the year and paid dividends of $3,700. Required: 1. Prepare the income statement for Driftwood Investments. 2. Prepare the statement of stockholders' equity for Driftwood Investments. 3. Prepare the balance sheet for Driftwood Investments. Required: 1. Prepare the income statement for Driftwood Investments 2. Prepare the statement of stockholders' equity for Driftwood Investments 3. Prepare the balance shcet for Driftwood investments. Last Name First Name 1D Sec. \begin{tabular}{|l|l|l|l|} \hline \multicolumn{2}{|c|}{ Prepare the Statement of Stockholders' Equity for Driftwood Investments } \\ \hline \multicolumn{2}{|c|}{} & \multicolumn{2}{|c|}{} \\ \hline \multicolumn{2}{|c|}{ Common Stock } & Retained Earnings & Total Stochnolder's Equity \\ \hline & & $ & $ \\ \hline Beginning Balance & $ & & \\ \hline & & & \\ \hline & & $ & $ \\ \hline \end{tabular}