On December 31, Fighting Okra Cooking Services reports the following revenues and expenses Service revenue Postage expense Legal fees expense Rent expense Salaries expense Supplies expense 79,000 1,700 2,600 1,000 2B,000 16,500 In addition, the balance of common stock at the beginning of the year was $400,000, and the balance of retained eanings was $40,000. During the year, the company issued additional shares of common stock for $29,000 and paid dividends of $18,000. Required: 1. Prepare an income statement. 2. Prepare a statement of stockholders' equity. Statement of Equity Total Common Retained Stock Earnings Stockh Be balance