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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 88,000 2,150 3,ese Rent

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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 88,000 2,150 3,ese Rent expense Salaries expense Supplies expense 11,900 37.00 21,000 In addition, the balance of common stock at the beginning of the year was $850,000, and the balance of retained earnings was $58,000. During the year, the company issued additional shares of common stock for $38,000 and paid dividends of $36,000 Required: Income Statement Stockholders Equity Prepare a Statement of Stockholders' Equity. FIGHTING OKRA COOKING SERVICES Statement of Stockholders' Equity For the Year Ended December 31, 2021 ok Common Stock Retained Earnings Total Stockholders Equity 5 908,000 38,000 $ 58,000 ences 850,000 38,000 Beginning Balance Issuance of Common Stock Add: Net income Less: Dividends Ending Balance (36,000) | (36,000) 5 888,000

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