Greenwood Industries reports the following amounts at the end of the year Cash $ 51,900 Service Revenue $ 98,500 Building 45,000 Salaries Expense 54,800 Accounts Payable 7,500 Equipment 66,000 Interest Expense 3,300 Accounts Receivable 5.400 Advertising Expense 9.300 Notes Payable 24,200 In addition, the company had common stock of $75.000 at the beginning of the year and issued an additional $7,000 of common stock during the year. The company also had retained earnings of $25,500 at the beginning of the year and paid dividends of $2,000 during the year Required: 1. Calculate net income. 2. Prepare the statement of stockholders' equity 3. Prepare the balance sheet Net Income Semt of stk Equity Balance Sheet Calculate net income. Net income