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Exercise 1-11A Link the statement of stockholders' equity to the balance sheet (L01-3) At the beginning of 2021, Artichoke Academy reported a balance in common
Exercise 1-11A Link the statement of stockholders' equity to the balance sheet (L01-3) At the beginning of 2021, Artichoke Academy reported a balance in common stock of $159,000 and a balance in retained earnings of $59.000. During the year, the company issued additional shares of stock for $49.000, earned net income of $39,000, and paid dividends of $10,900. In addition, the company reported balances for the following assets and liabilities on December 31. Annet sabation Cash $ 53,500 Accounts payable $11,100 Supplies 11,800 Utilities payable Prepaid rent Salarios payable Land 245,000 Notes payable 24,000 4,200 4.400 28,500 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 Total Stockholders Equity Beginning Balance Ending Balance Balance Sheet >
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