Item2 eBookItem 2 Puppet Corporation began with an investment by shareholders of $22,000. a. In its first year, the income earned was $2,200. What would the equity section of its balance sheet show at year end? Common stock $ Retained earnings Total Stockholders' Equity $ b. In the second year, it had income of $9,200 and a dividend of $3,200 was paid. What would the equity section of its balance sheet show at year end? Common stock $ Retained earnings Total Stockholders' Equity $ c. In the third year, Puppet sold more shares for a value of $11,000, earned income of $5,200, and paid a dividend of $2,700. What would the equity section of its balance sheet show at year end? Common stock $ Retained earnings Total Stockholders' Equity $