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On December 31, 2021, Fighting Okra Cooking Services reports the following revenues and expenses. Service revenue Postage expense Legal fees expense $89,000 2,200 3,100 12,000
On December 31, 2021, Fighting Okra Cooking Services reports the following revenues and expenses. Service revenue Postage expense Legal fees expense $89,000 2,200 3,100 12,000 38,000 21,500 Rent expense Salaries expense Supplies expense In addition, the balance of common stock at the beginning of the year was $900,000, and the balance of retained earnings was $60,000. During the year, the company issued additional shares of common stock for $39,000 and paid dividends of $38,000. Required: 1. Prepare an income statement. 2. Prepare a statement of stockholders' equity. Complete this question by entering your answers in the tabs below. Stmt of Stockholders Income Statement Equity Prepare a Statement of Stockholders' Equity. FIGHTING OKRA COOKING SERVICES Statement of Stockholders' Equity For the Year Ended December 31, 2021 Total Retained Common Stock Stockholders' Earnings Equity Beginning Balance Ending Balance Income Statement
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