P1-4A. Statement of Stockholders' Equity and Balance Sheet The following is balance sheet information for Lynch Janitorial Service, Inc., at the end of 2016 and 2015: LO LAccounts payable... Cash... A Accounts receivable. A Land... Building, net Equipment, net. Mortgage payable A Supplies Common stock. Dividends. Retained earnings December 31, 2016 $ 6,000 25,000 39,000 46,000 250,000 44,000 93,000 18,000 225.000 12,000 ? December 31, 2015 $ 9,000 22,000 31,000 46,000 260,000 46,000 103,000 16,000 225.000 0 ? a. Required Prepare a balance sheet as of December 31 of each year. b. Prepare a statement of stockholders' equity for 2016. (Hint: The increase in retained earnings is equal to the net income less the dividend.) $49,000 LOS EI-SA. Determining Net Income The beginning and ending balances of retained earnings for the year were $50,000 and $65,000, respectively. If dividend payments during the year were $4,000, determine the net income or net loss for the year. The $19.000 net loss b. $19,000 net income $15.000 net income d $11,000 net income c