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Exercise 1-10A Link the income statement to the statement of stockholders' equity (L01-3) On December 31, 2021, Fighting Okra Cooking Services reports the following revenues
Exercise 1-10A Link the income statement to the statement of stockholders' equity (L01-3) On December 31, 2021, Fighting Okra Cooking Services reports the following revenues and expenses. Service revenue Postage expense Legal fees expense $72,000 1,200 2,200 Rent expense Salaries expense Supplies expense 12,200 20,000 12,000 In addition, the balance of common stock at the beginning of the year was $155,000, and the balance of retained earnings was $28,000. During the year, the company issued additional shares of common stock for $22,000 and paid dividends of $12,000. Required: 1. Prepare an income statement 2. Prepare a statement of stockholders' equity Complete this question by entering your answers in the tabs below. Income Stmt of Statement Stockholders Equity Prepare an Income Statement FIGHTING OKRA COOKING SERVICES Income Statement For the Year Ended December 31, 2021 Service Revenue Expenses Postage Expense Supplies Expense Legal Fees Expenso Rent Expense Salaries Expense
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