On December 31, 2021, Fighting Okra Cooking Services reports the following revenues and expenses.

In addition, the balance of common stock at the beginning of the year was $200,000, and the balance of retained earnings was $32,000. During the year, the company issued additional shares of common stock for $25,000 and paid dividends of $10,000.

Required:1. Prepare an income statement.2. Prepare a statement of stockholders? equity.

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Rent expense Salaries expense Service revenue Postage expense Legal fees expense $75,000 1,500 2,400 $10,600 24,000 14,500 Supplies expense