Just want to know if everything is correct and if the words in red are wrong

The assets and liablities of Adventure Travel Agency on December 31, 20Y5, and its revenue and expenses for the year are as tollows: Common stock was $250,000 and tetained eamings was $1,160,400 as of January 1, 20Y5. During the year, additional common stock of $75,000 was issued for cash, and dividends of $50,000 wore paid. Required: 1. Prepare an income statement for the year ended Docember 31, 20Y5. 2. Prepare a statement of stockholders' equily for the year ended December 31, 20 v5. 3. Propare a balance sheet as of December 31,20 . 4. What items appear on both the statement of stockholders' equly and the balance sheet? Financial statements \begin{tabular}{l|l} Instructions & Accounts, Labels and Amount Descriptions \end{tabular} Income Statement Income Statement Adventure Travel Agency income Statement For the Year Ended December 31, 20 Y Statement of Stockholders' Equity 2. Prepare a statement of sfockholders' equity for the year ended Decomber 31, 20Y5. Statement of Stackholders' Equiti instructions Adventure Travel Agency Statement of Stockholders' Equity