At the beginning of 2018, Artichoke Academy reported a balance in common stock of $166,000 and a balance in retained earnings of $66,000. During the year, the company issued additional shares of stock for $56,000, earned net income of $46,000, and paid dividends of $11,600. In addition, the company reported balances for the following assets and liabilities on December 31. Assets Liabilities Cash $ 54,200Accounts payable $ 14,600Supplies 12,500Utilities payable 5,600Prepaid rent 32,000Salaries payable 5,100Land 280,000Notes payable 31,000 (1) Prepare a statement of stockholders’ equity.(2) Prepare a balance sheet.