On December 31, 2021, Fighting Okra Cooking Services reports the following revenues and expenses. Service revenue Pontage expense Legal fees expense $75,000 Rent expense 1,500 Salaries expense 2,400 Supplies expense $ 10,600 24,000 14,500 In addition, the balance of common stock at the beginning of the year was $200,000, and the balance of retained earnings was $32,000. During the year, the company issued additional shares of common stock for $25,000 and paid dividends of $10,000. 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 Stmt of Stockholders Statement Equity Prepare an Income Statement FIGHTING OKRA COOKING SERVICES Income Statement For the Year Ended December 31, 2021 Service Revenue Expenses Rent Expense Supplies Expense Salaries Expense Postage Expense Legal Fees Expense Total Expenses Net Income Stmt of Stockholders Equity > On December 31, 2021, Fighting Okra Cooking Services reports the following revenues and expenses. Service revenge Postage expense Legal fees expense $75,000 1,500 2,400 Rent expense Salaries expense Supplies expense $ 10,600 24,000 14,500 In addition, the balance of common stock at the beginning of the year was $200,000, and the balance of retained earnings was $32,000. During the year, the company issued additional shares of common stock for $25,000 and paid dividends of $10,000. Required: 1. Prepare an income statement 2. Prepare a statement of stockholders' equity. Complete this question by entering your answers in the tabs below. Stmt of Income Stockholders Statement Equity Prepare a Statement of Stockholders' Equity FIGHTING OKRA COOKING SERVICES Statement of Stockholders' Equity For the Year Ended December 31, 2021 Common Stock Retained Earnings Beginning Balance Issuance of Common Stock Add: Net Income Less: Dividende Ending Balance Total Stockholders Equity