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 $50,000 by issuing common stock. 2. Received $135,000 cash for providing services to customers. 3. Borrowed $23,000 cash from creditors. 4. Paid expenses amounting to $60,000. 5. Purchased land for $30,000 cash. Transactions for 2019 Beginning account balances for 2019 are: Cash Land Notes payable Common stock Retained earnings $ 118,000 30,000 23,000 50,000 75,000 1. Acquired an additional $28,000 from the issue of common stock. 2. Received $130,000 for providing services. 3. Paid $18,000 to creditors to reduce loan. 4. Paid expenses amounting to $67,000. 5. Paid a $11,000 dividend to the stockholders. 6. Determined that the market value of the land is $40,000. Complete this question by entering your answers in the tabs below. SE 2018 SE 2019 Prepare a statement of changes in stockholders' equity for the year 2018. MARK'S CONSULTING Statement of Changes in Stockholders' Equity For the Year Ended December 31, 2018 Beginning common stock Plus: Common stock issued 0 Ending common stock Beginning retained earnings S Plus: Net income Ending retained earnings 0 Total stockholders' equity S 0 S 0 0 SE 2018 SE 2019 > 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 02 0 Ending common stock Beginning retained earnings 0 Ending retained earnings Total stockholders' equity S