On December 31, 2024, Fighting Rachel Cooking Services reports the following revenues and expenses. Service revenue $ 89,000 Rent expense $ 12,000 Postage expense 2,200 Salaries expense 38,000 Legal fees expense 3,100 Supplies expense 21,500 In addition, the balance of common stock at the beginning of the year was $900,000, and the balance of retained earnings was $60,000. During the year, the company issued additional shares of common stock for $39,000 and paid dividends of $38,000. Required: Prepare an income statement. Prepare a statement of stockholders' equity