Pratt Corp. started the Year 2 accounting period with total assets of $34,000 cash, $14,000 of liabilities, and $19,000 of retained earnings. During the Year 2 accounting period, the Retained Earnings account increased by $18,050. The bookkeeper reported that Pratt paid cash expenses of $33,000 and paid a $3,400 cash dividend to stockholders, but she could not find a record of the amount of cash revenue that Pratt received for performing services, Pratt also paid $8,500 cash to reduce the liability owed to a bank, and the business acquired 57700 of additional cash from the issue of common stock. Assume all transactions are cash transactions. Problem 1-33A Part c. Prepare the Year 2 balance sheet. Answer is complete but not entirely correct. PRATT CORP. Balance Sheet As of December 31, Year 2 Assets Cash Total assets $ 54,4503 0 $ 54,450 $ 5,500 Liabilities Stockholders' Equity Common stock 26.700 3