INAL R G Prat Corp. Started The 2018 Ace x l G solved interelatoshp,asm- + Gree pre cak help Microsoft Woed- New Tab SIGNMENT-FINAL REVIEW 6 Help Saw The following information applies to the questions displayed below Pratt Corp. started the Year 2 accounting period with total assets of $34,000 cash, $14,000 of liabilities, and $19,000 of retained earnings. During the Year 2 accounting period, the Retained Earnings account increased by $18,050. The bookkeeper reported that Pratt paid cash expenses of $33,000 and paid a $3,400 cash dividend to stockholders, but she could not find a record of the amount of cash revenue that Pratt received for performing services. Pratt also paid $8,500 cash to reduce the lability owed to a bank, and the business acquired $7700 of additional cash from the issue of common stock. Assume all transactions are cash transactions Required o. Prepare the Year 2 income statement PRATT CORP Income Statement For the Year Ended December 31, Year 2 12 3 4 of 5 ee rch DOLL cash to reduce the liability owed to a bank, and the business ac stock. Assume all transactions are cash transactions. b. Prepare the Year 2 statement of changes in stockholders' equity PRATT CORP Statement of Changes in Stockholders' Equity For the Year Ended December 31, Year 2 Beginning common stock Ending common stock Beginning retained earnings Ending retained earnings Total stockholders' equity K Prev ee e to search DOLL Gree.. pre calc help Microsoft Word -C. New Tab ASSIGNMENT -FINAL REVIEW Saved c. Prepare the Year 2 balance sheet PRATT CORP Balance Sheet As of December 31, Year 2 Assets Total assets Liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders equity