On December 31, Year 1, a company reports the following revenues and expenses. Service revenue Postage expense Legal fees expense $74,000 1,400 2,400 Rent expense Salaries expense Supplies expense 16,600 22, 000 16,000 In addition, the balance of common stock at the beginning of the year was $165,000, and the balance of retained earnings was $32,000. During the year, the company issued additional shares of common stock for $26,000 and paid dividends of $16,000. 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 Strnt of Stockholders Equity