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 $160,000 and a balance in retained earnings of $60,000. During the year, the company issued additional shares of stock for $50,000, earned net income of $40,000, and paid dividends of $11,000. In addition, the company reported balances for the following assets and liabilities on December 31. Liabilities Accounts payable $11,600 Supplies 11,900 Utilities payable Prepaid rent Salaries payable 250,000 Notes payable 25,000 Assets Cash $ 53,600 29,000 Land 6,400 4,500 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