HA 2230 Section 2 In-Class Exercise #3 March 1, 2021 The following is financial information available for Slaterville Health Spa and Resort, Inc. during 2020: Accounts Payable 1/1/20 12/31/20 88,400 65,600 Accounts Receivable 35,600 44,000 Paid-in Capital 79,200 ? Cash 52,800 47,000 Common Stock (.10 par) 800 ? Machinery and Equipment 110,000 110,000 Unearned Revenue 18,000 Service Revenue 120,000 Retained Earnings Operating Expenses 30,000 ? 77,000 Instructions: A. Prepare the following journal entries in good form: 1. The company declared and paid a dividend of 15,000. 2. The company issued 2,000 shares of stock for $20,000. 3. Record a $7,000 Income Tax Expense and Liability on the books. B. Based on the above information, prepare the December 31, 2020 Statement of Stockholders' Equity in proper form.