Puppet Corporation began with an investment by shareholders of $12,000 a. In its first year, the income earned was $1,200. What would the equity section of its balance sheet show at year end? Common stock Retained earnings Total Stockholders' Equity b. In the second year, it had income of $10,800 and a dividend of $2,200 was paid. What would the equity section of its balance sheet show at year end? Common stock Retained earnings Total Stockholders' Equity c. In the third year, Puppet sold more shares for a value of $6,000, earned income of $4,200, and paid a dividend of $1,700. What would the equity section of its balance sheet show at year end? Common stock Retained earnings Total Stockholders' Equity