According the question what should be the answer under Stockholder's Equity? if it is not Common Stock as it denies that as correct below ( thank you)

Exercise 2-15A (Algo) Prepaid items on financial statements LO 2-6 Life, Incorporated experienced the following events in Year 1, its first year of operation: 1. Performed counseling services for $30,800 cash. 2. On February 1, Year 1, paid $21,600 cash to rent office space for the coming year. 3. Adjusted the accounts to reflect the amount of rent used during the year. Required Based on this information alone: a. Record the events in general ledger accounts under an accounting equation. b. Prepare an income statement, balance sheet, and statement of cash flows for the Year 1 accounting period. c. Ignoring all other future events, what is the amount of rent expense that would be recognized in Year 2 ? Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare a balance sheet for the Year 1 accounting period. (Do not round intermediate calculations.)