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On December 31, 2021, Fighting Okra Cooking Services reports the following revenues and expenses. Service revenue Postage expense Legal fees expense $77,000 1,600 2,500
On December 31, 2021, Fighting Okra Cooking Services reports the following revenues and expenses. Service revenue Postage expense Legal fees expense $77,000 1,600 2,500 Rent expense Salaries expense Supplies expense 10,800 26,000 15,500 In addition, the balance of common stock at the beginning of the year was $300,000, and the balance of retained earnings w $36,000. During the year, the company issued additional shares of common stock for $27,000 and paid dividends of $14,000 Required: 1. Prepare an income statement. 2. Prepare a statement of stockholders' equity. Complete this question by entering your answers in the tabs below. Income Statement Stmt of Stockholders Equity Prepare a Statement of Stockholders' Equity. FIGHTING OKRA COOKING SERVICES Statement of Stockholders' Equity For the Year Ended December 31, 2021 Beginning Balance Ending Balance Retained Common Stock Total Stockholders' Earnings Equity
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