FIUMICIOUR HEIICIGLIUTISM ITTUITY FIILICI SLOLETTCIT LUPA, ru, ruru, [The following information applies to the questions displayed below.] Pratt Corp. started the Year 2 accounting period with total assets of $29,000 cash, $11,500 of liabilities, and $14,000 of retained earnings. During the Year 2 accounting period, the Retained Earnings account increased by $15,550. The bookkeeper reported that Pratt paid cash expenses of $30,500 and paid a $2,900 cash dividend to stockholders, but she could not find a record of the amount of cash revenue that Pratt received for performing services. Pratt also paid $4,000 cash to reduce the liability owed to a bank, and the business acquired $6,300 of additional cash from the issue of common stock. Assume all transactions are cash transactions. Problem 1-33A Part b b. Prepare the Year 2 statement of changes in stockholders' equity Answer is complete but not entirely correct. PRATT CORP. Statement of Changes in Stockholders' Equity For the Year Ended December 31. Year 2 Beginning common stock $ 3,500 Plus: Common stock issued 6,300 Ending common stock $ 9,800 Beginning retained earnings $ 14,000 Plus: Net Income 18,4004 Less: Dividend (2,900) Ending retained earnings 29,500 Total stockholders' equity $ 39,300 7 of 7 : 5 Next >