Required Information [The following information applies to the questions displayed below.) Mark's Consulting experienced the following transactions for 2018, Its first year of operations, and 2019. Assume that all transactions involve the receipt or payment of cash. Transactions for 2018 1. Acquired $80,000 by Issuing common stock. 2. Received $130,000 cash for providing services to customers. 3. Borrowed $21,000 cash from creditors. 4. Pald expenses amounting to $54,000. 5. Purchased land for $40,000 cash. Transactions for 2019 Beginning account balances for 2019 are: Cash Land Notes payable Common stock Retained earnings $137,000 40,000 21,200 80,000 76,000 1. Acquired an additional $26,000 from the issue of common stock. 2. Received $136,000 for providing services. 3. Pald $16,000 to creditors to reduce loan. 4. Pald expenses amounting to $69,000. 5. Pald a $12,000 dividend to the stockholders. 6. Determined that the market value of the land is $50,000. SE 2018 SE 2019 Prepare a statement of changes in stockholders' equity for the year 2 MARK'S CONSULTING Statement of Changes in Stockholders' Equity For the Year Ended December 31, 2018 Beginning common stock Ending common stock Beginning retained earnings Ending retained earnings Total stockholders' equity SE 2018 SE 2019 Prepare a statement of changes in stockholders' equity for the year 2019. MARK'S CONSULTING Statement of Changes in Stockholders' Equity For the Year Ended December 31, 2019 Beginning common stock Ending common stock Beginning retained earnings Ending retained earnings Total stockholders' equity