Instructions The assets and liabilities of Thompson Computer Services at March 31, the end of the current year, and its revenue and expenses for the year are listed below. The common stock was $120,000 and the retained earings were 560,000 at April 1, the beginning of the current year. During the year, shareholders purchased an additional $25,000 in stock. Accounts Amount Amount Accounts Miscellaneous expense Accounts payable $2,000 $1,030 Accounts receivable 10,340 Office expense 1,240 Cash 21,420 1,670 Fees earned 73.450 Supplies Wages expense Dividends 23,550 Land 16,570 47,000 157,630 Building Required: Prepare a statement of stockholder's equity for the current year ended March 31. Be sure to complete the statement reading. Refer to the lists of Accounts payable 32,W 1, Accounts receivable 10.340 1,240 Cash 21,420 Miscellaneous expense Office expense Supplies Wages expense Dividends 1,670 Fees earned 73,450 23,550 Land 47,000 16,570 Building 157,630 Required: Prepare a statement of stockholder's equity for the current year ended March 31. Be sure to complete the statement heading. Peter to the list of Labels, and Amount Descriptions for the exact wording of the answer choices for text entries. I a net loss is incurred or there is a decrease in stockholders'equity, enter that amount as a negative number using a minus sign. Entries of 0 (zero) are not required and will be cleared it entered Labels and Amount Descriptions Labels Expenses For the Month Ended March 31 For the Year Ended March 31 March 31 Amount Descriptions Balances, April 1 Balances, March 31 Dividends Issued common stock Net income Net loss Retained earninge Instructions Labels and Amount Descriptions March 31 Amount Descriptions Balances, April 1 Balances, March 31 Dividends Issued common stock Net income Net loss Retained earnings Total expenses Total assets Total liabilities and stockholders' equity Prepare a statement of stockholder's equily for the current year ended March 31. Be sure to complete the statement heading. Refer to the lists of Labels, and Amount Descriptions for the exact wording of the answer choices for text entries. Wa net loss is incurred or there is a decrease in stockholders'equily enter that amount as a negative number using a minus sign. Entries of 0 (zero) are not required and will be cleared if entered. Thompson's Computer Services Statement of Stockholders' Equity (Lab Common Stock Retained Earnings Total 2 5 Instructions Labels and Amount Descriptions Statement of Stockholders' Equity Thompson's Computer Services Statement of Stockholders' Equity (Label) Retained Common Stock Total 1 Earnings 2 3 4 5 6