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Statement of Stockholders' Equity and Balance Sheet The following is balance sheet information for House Janitorial Service, Inc., at the end of 2016 and 2015: December 31, December 31, 2016 2015 Accounts Payable Cash Accounts Receivable Land Building, net Equipment, net Mortgage Payable Supplies Common Stock Dividends Retained Earnings ASSETS Supplies Land Building, net Equipment, net Total Assets LIABILITIES $12,000 46,000 84,000 80,000 500,000 86,000 180,000 40,000 440,000 20,000 ? Mortgage Payable Total Liabilities Required a. Prepare a balance sheet as of December 31 of each year, HOUSE JANITORIAL SERVICE, INC. Balance Sheets STOCKHOLDERS' EQUITY 9 $18,000 40,000 66,000 80,000 $ 520,000 90,000 200,000 36,000 440,000 Total Stockholders' Equity Total Liabilities and Stockholders' Equity $ 0 ? December 31, December 31, 2016 2015 Required a. Prepare a balance sheet as of December 31 of each year. HOUSE JANITORIAL SERVICE, INC. Balance Sheets Supplies Land Building, net Equipment, net Total Assets ASSETS LIABILITIES Mortgage Payable Total Liabilities STOCKHOLDERS' EQUITY + December 31, December 31, 2016 2015 : $ $ # $ Total Stockholders' Equity Total Liabilities and Stockholders' Equity $ Balance, December 31, 2015 Add: Net income for 2016 Less: Dividends for 2016(Enter as negative) Balance, December 31, 2016 $ b. Prepare a statement of stockholders' equity for 2016. (Hint: The Increase in retained earnings is equal t HOUSE JANITORIAL SERVICE, INC. Statement of Stockholders' Equity For Year Ended December 31, 2016 $ $ $1 $ CommonStock Retained Earnings $ $ $ $ Total