On December 31, 2024, Fighting Emerl Cooking Services reports the following revenues and expenses. Service revenue Postage expense Legal fees expense $ 75,500 1,550 2,500 Rent expense Salaries expense Supplies expense $ 18,800 23,000 18,000 In addition, the balance of common stock at the beginning of the year was $170,000, and the balance of retained earnings was $34,000. During the year, the company issued additional shares of common stock for $28,000 and paid dividends of $18,000. 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 an income statement. FIGHTING EMERL COOKING SERVICES Income Statement For the Year Ended December 31, 2024 Complete this question by entering your answers in the tabs below. Stmt of Income Statement Stockholders Equity Prepare an income statement. FIGHTING EMERL COOKING SERVICES Income Statement For the Year Ended December 31, 2024 Expenses: Total Expenses Complete this question by entering your answers in the tabs below. Income Statement Stmt of Stockholders Equity Prepare a statement of stockholders' equity. FIGHTING EMERL COOKING SERVICES Statement of Stockholders' Equity For the Year Ended December 31, 2024 Beginning Balance Ending Balance Common Stock Retained Earnings Total Stockholders' Equity