On December 31, 2024, Rachel Cooking Services reports the following revenues and expenses. Service revenue Postage expense Legal fees expense $77,000 Rent expense 1,600 Salaries expense 2,500 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 $36,000. During the year, the company issued additional shares of common stock for $27,000 and paid dividends of $14,00 Required: Prepare an income statement. 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. RACHEL COQPKING S