Fill in the blanks indicated by the alphabetic letters in the following financial statements. These financial statements were prepared for the company's first year in operation, and all transactions were for cash.

Income Statement Revenue 22,000 Expense Net income Statement of Changes in Equity Beginning common stock Add: stock issued Ending common stock 40,000 40,000 Beginning retained earnings Add: net income Less: dividends Ending retained earnings Total stockholders' equity 8,000 Balance Sheet Assets Cash Land 10,000 Total assets 60,000 Liabilities Stockholders' equity Common stock 40,000 Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 60,000