It's 2 questions1- prepare an income statement 2-prepare a statement of stockholders equityThank you!!

On December 31, 2024, Emerl Cooking Services reports the following revenues and expenses. Service revenue $ 76, 000 Rent expense $ 10, 700 Postage expense 1, 550 Salaries expense 25, 000 Legal fees expense 2, 450 Supplies expense 15, 000 In addition, the balance of common stock at the beginning of the year was $250,000, and the balance of retained earnings was $34,000. During the year, the company issued additional shares of common stock for $26,000 and paid dividends of $12,000. Required: 1. Prepare an income statement. 2. Prepare a statement of stockholders' equity. Complete this question by entering your answers in the tabs below. Stmt of Income Stockholders Statement Equity Prepare an Income Statement. EMERL COOKING SERVICES Income Statement For the Year Ended December 31, 2024 Expenses