Compute the missing amounts in the table below:

Year $1$

Year $2$

Total assets

$$62,500$

$($a$)$

Common stock

$($b$)$

$$12,400$

Retained earnings

$$4,200$

$$9,400$

Total liabilities

$$31,300$

$$18,000$

Total liabilities and stockholders' equity

$$62,500$

$$39,800$

Answer:

Year $1$

$$62,500$

$?$

$$4,200$

$$31,300$

$$62,500$

equity

Year $2$

Total assets

Common stock

Retained earnings

Total liabilities

Total liabilities and stockholders'

equity

What is amount should be reported under Common Stock for year $1.$