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 $163,000 and a balance in retained earnings of $63,000. During the year, the company issued additional shares of stock for $53,000, earned net income of $43,000, and paid dividends of $11,300. In addition, the company reported balances for the following assets and liabilities on December 31, Assets Cash Supplies Prepaid rent Land $ 53,900 12,200 30,500 265,000 Liabilities Accounts payable Utilities payable Salaries payable Notes payable $13,100 5,000 4,800 28,000 Required: 1. Prepare a statement of stockholders' equity. 2. Prepare a balance sheet. 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 Retained Common Stock Earnings Beginning Balance $ 163,000 Issuance of Common Stock Add: Net Income Less: Dividends Ending Balance Total Stockholders' Equity Stent of Stockholders Eqully Balance Sheet > Stmt of Stockholders Balance Sheet Equity Prepare a balance sheet. ARTICHOKE ACADEMY Balance Sheet December 31, 2021 Assets Liabilities Cash Supplies Prepaid Rent Land Accounts payable Utilities Payable Salaries Payable Notes Payable Total Liabilities 0 Stockholders' Equity Common Stock Retained Earnings 0 Total Assets Total Stockholders' Equity Total Liabilities and Stockholders' Equity $ 0 $ 0 (Stmt of Stockholders Equity Balance Sheet