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It's 2 questions 1- statement of stockholder's equity2- Balance sheet Thank you! Homework Chap 1 i Saved At the beginning of 2024, Norton Academy reported

It's 2 questions 1- statement of stockholder's equity2- Balance sheet Thank you!

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Homework Chap 1 i Saved At the beginning of 2024, Norton Academy reported a balance in common stock of $168,000 and a balance in retained earnings of $68,000. During the year, the company issued additional shares of stock for $58,000, earned net income of $48,000, and paid dividends of $11,800. In addition, the company reported balances for the following assets and liabilities on December 31. Assets Liabilities Cash $54, 400 Accounts payable $15, 600 Supplies 12, 700 Utilities payable 6, 000 Prepaid rent 33, 000 Salaries payable 5, 300 Land 290, 000 Notes payable 33, 000 Required: 1. Prepare a statement of stockholders' equity. 2. Prepare a balance sheet. Complete this question by entering your answers in the tabs below. YStmt of Stockholders Balance Sheet Equity Prepare a statement of stockholders' equity. NORTON ACADEMY Statement of Stockholders' Equity For the Year Ended December 31, 2024 Common Retained Total Stock Earnings Stockholders' Equity Beginning Balance Ending Balance $ o $ 0 $ 0

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