Exercise 1-11A Link the statement of stockholders' equity to the balance sheet (LO1-3) At the beginning of 2021, Artichoke Academy reported a balance in common stock of $155,000 and a balance in retained earnings of $55,000. During the year, the company issued additional shares of stock for $45,000, earned net income of $35,000, and paid dividends of $10,500. In addition, the company reported balances for the following assets and liabilities on December 31. Assets Cash Supplies Prepaid rent Land $ 53, 100 11,400 26,500 225,000 Liabilities Accounts payable Utilities payable Salaries payable Notes payable $ 9,100 3,400 4,000 20,000 Required: 1. Prepare a statement of stockholders' equity. 2. Prepare a balance sheet. Complete this question by entering your answers in the tabs below. Stmt of Stockholders Balance Sheet Equity Prepare a statement of stockholders' equity. ARTICHOKE ACADEMY Statement of Stockholders' Equity For the Year Ended December 31, 2021 Common Stock Retained Earnings $ 55,000 Total Stockholders Equity $ 210,000 45,000 $ 155,000 45,000 Beginning Balance Issuance of Common Stock Add: Net income Less: Dividends Ending Balance 0 200,000 4,800 11,800 104,200 $ $ $ 330,200