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The assets and labilites of Adventure Travel Agency en December 31, 20Y5, and its revenue and expenses for the year are as follows: Common atock

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The assets and labilites of Adventure Travel Agency en December 31, 20Y5, and its revenue and expenses for the year are as follows: Common atock was $250,000 and retained earnings was $1,160,400 as of Janvary 1, 20y5. During the year, additional common wock of $75,000 was iswed for cash, and divicends of $50.000 were paid 1. Prepare an inceme statement for the year ended December 31,20y. 2. Prepare a statement of stockholders' equity for the year ended December 31,20Y5. 3. Prepare a batance sheef as of December 31, 20Y5. 4. What items appear on both the statement of stockholders 'equity and the balance sheet

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