Required: 1. Prepare the journal entries indicated for each of these transactions 2. Prepare the stockholders' equity section of the balance sheet at December 31. At the end of the year, the accounts reflected net income of $31,000. No dividends were declared. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the stockholders' equity section of the balance sheet at December 31. At the end of the year, the accounts reflected net income of $31,000. No dividends were declared. AVA SCHOOL Balance Sheet (Partian At December 31 Stockholders' Equity Contributed Capital: Total Contributed Capital Total Stockholders' Equity $ 0