Income Statement Statement of Stockholders' Equity Revenues #33|| Common stock Retained earnings Expenses: Beginning) $450,000 $321,000 Salaries $456,000 Issuance #35 Administrative 245,000 Net income 210,000 Utilities 8.000 Dividends #36 Total expenses 709,000| Ending) $500,000 $501.000 Net income #34 Balance Sheet Assets Liabilities Cash $25,000 Accounts payable $14,000 A/R 30,000 Notes payable T 2 50.000 Supplies #37 Total liabilities $264,000 Prepaid rent 2,000 Stockholders' Equity Equipment 207,800 Common stock Building 1,000,000 Retained earnings Total stockholders' equity #39 Total assets #38 Total L and SE #40 Revenue: 37. $ Supplies: 34. $ _Net Income: 38. $ Total Assets: 35. $ Issuance: 39. $. Stockholders' Equity: 36.5 Dividends: 40. S Total L & SE