On December $31,2026.$ Fighting Rachel Cooking Services reports the following revenues and expenses.

Service revenue

Postage expense

Legal fees expense

$3$ s$9,000$ thent expense

$2,200$ Salaries expense

$3,100$ Supplies expense

$312,200$

$38,200$

$22,500$

In addition, the balance of common stock at the beginning of the year was $$900000,$ and the baiance of retained earnings wass $$60,000.$ During the year, the company issued additional shares of common stack for $$39,000$ and paid dividends of $$38\mathrm{.}000.$

Required:

Prepare an income statement.

Prepare a statement of stocicholders' equity.

Complete this question by entering your answers in the tabs below.

$\backslash$table$[[\backslash$table$[[$Income$],[$Statement$]],\backslash$table$[[$Strit of$],[$Stodcholders$],[$Equity$]]]]$

Prepare an income statement.