Required information [The following information applies to the questions displayed below.] Prat Corp. started the 2018 accounting period with $35,000 of assets (all cash), $14,500 of liabilities, and $10,000 of common stock. During the year, the Retained Earnings account increased by $12,550. The bookkeeper reported that Prat paid cash expenses of $28,500 and paid a $2,500 cash dividend to the stockholders, but she could not find a record of the amount of cash that Prat received for performing services. Prat also paid $8,000 cash to reduce the liability owed to the bank, and the business acquired $8,000 of additional cash from the issue of common stock. Required (Hint. Determine the amount of beginning retained earnings before considering the effects of the current period events. It also mig help to record all events under an accounting equation before preparing the statements.) a-1. Prepare an income statement for the 2018 accounting period. a-2. Prepare a statement of changes in stockholders' equity for the 2018 accounting period. a-3. Prepare a period-end balance sheet for the 2018 accounting period. 2-4. Prepare a statement of cash flows for the 2018 accounting period. Req A1 Req A2 Req A3 Req A4 Prepare a statement of changes in stockholders' equity for the 2018 accounting period. Prat Corp. Statement of Changes in Stockholders' Equity For the Year Ended December 31, 2018 Beginning common stock $ 10,000 Plus: Common stock issued 8,000 Ending common stock $ 18,000 Beginning retained earnings (2,500) Less: Dividend Ending retained earnings Total stockholders' equity (2,500) 15,500 $ $ Prat Corp. Balance Sheet As of December 31, 2018 Assets Cash Total assets $ 0 Liabilities Stockholders' Equity Common stock 0 Total stockholders' equity Total liabilities and stockholders' equity $ 0 Cash flows from operating activities: $ 0 Net cash flow from operating activities Cash flows from investing activities Cash flows from financing activities: Net cash flow from financing activities 0 Ending cash balance $ 0 b. Determine the percentage of total assets that were provided by creditors, investors, and earnings. (Round your answers to 2 decimal places.) Total Assets Creditors % Investors % Earnings %