The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below.

Accounts	Debit				Credit
Cash	$	11,500
Accounts Receivable		145,000
Prepaid Rent		5,500
Supplies		27,500
Equipment		350,000
Accumulated Depreciation					$	130,000
Accounts Payable						11,500
Salaries Payable						10,500
Interest Payable						4,500
Notes Payable (due in two years)						35,000
Common Stock						250,000
Retained Earnings						55,000
Service Revenue						450,000
Salaries Expense		350,000
Rent Expense		17,500
Depreciation Expense		35,000
Interest Expense		4,500
Totals	$	946,500			$	946,500

2. Prepare a statement of stockholders' equity for the year ended December 31, 2021, assuming no common stock was issued during 2021.

Credit Debit $ 11,500 145,000 5,500 27,500 350,000 Accounts Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Depreciation Expense Interest Expense Totals $130,000 11,500 10,500 4,500 35,000 250,000 55,000 450,000 350,000 17,500 35,000 4,500 $946,500 $946,500 2. Prepare a statement of stockholders' equity for the year ended December 31, 2021, assuming n 2021. FIGHTIN' BLUE HENS CORPORATION Statement of Stockholders' Equity For the Year Ended December 31, 2021 Total Common Retained Stock Earnings Stockholders' Equity 260,000 $ 56,000 $ 316,000 41,400 41,400 Balance at January 1 Add: Net Income Less: Dividends Balance at December 31 $ 260,000 $ 97,400 $ 357,400