Tar Heel Corporation provides the following information at the end of 2018. Salaries payable to workers at the end of the year Advertising expense for the year Building that has been purchased Supplies at the end of the year Retained earnings Utility expense for the year Note payable to the bank Service revenue earned during the year Salary expense for the year Accounts payable to suppliers Dividends paid to shareholders during the year Common stock that has been issued, including $4,000 that was issued this year Cash remaining Interest expense for the year Accounts receivable from customers $ 2,200 9,300 69,000 3,500 37,400 4,900 19,500 63,900 25,600 6,600 ? ces 23,000 4,100 1,550 12,100 The balance of retained earnings at the beginning of the year equals $24.750. Reoul IDA1 21R 2. Prepare the statement of stockholders' equity for the year ended December 31, 2018 TAR HEEL CORPORATION Statement of Stockholders' Equity For the year ended December 31, 2018 Common Stock Retained Earnings Total Stockholders Equity $ 24,750 4,000 0 Beginning balance Issuance of common stock Add: Net income Less: Dividends Ending balance 4,000 22,550 22,550 3. Prepare the balance sheet for the year ended December 31, 2018. TAR HEEL CORPORATION Balance Sheet December 31, 2018 Assets Liabilities Total liabilities 0 Stockholders' Equity 0 Total stockholders' equity Total liabilities and stockholders' equity $ 0 Total assets