PLEASE COMPLETE BOTH SECTIONS. THEY ARE MARKED INCOMPLETE.

Exercise 1-10A Link the income statement to the statement of stockholders' equity (L01-3) On December 31, 2021, Fighting Okra Cooking Services reports the following revenues and expenses. 5 -BOOK Service revenue Postage expense Legal fees expense $79.000 1,700 2,600 Rent expense salaries expense supplies exponse 11,000 28,000 16,500 orences In addition, the balance of common stock at the beginning of the year was $400,000, and the balance of retained earnings was $40,000. During the year, the company issued additional shares of common stock for $29,000 and paid dividends of $18,000. Required: 1. Prepare an income statement. 2. Prepare a statement of stockholders' equity Income Statement Stmt of Stockholders Equity Prepare an Income Statement. FIGHTING OKRA COOKING SERVICES Income Statement For the Year Ended December 31, 2021 79,000 $ 1,700 Service Revenue Expenses: Postage Expense Legal Fees Expense Rent Expense Salaries Expense Supplies Expense 2,600 11,000 28,000 16,500 Total Expenses Net Income 59,800 19,200 $ Income Stmt of Statement Stockholders Equity Prepare a Statement of Stockholders' Equity. FIGHTING OKRA COOKING SERVICES Statement of Stockholders' Equity For the Year Ended December 31, 2021 Common Stock Retained Earnings Total Stockholders' Equity Beginning Balance $ 40,000 400,000 $ 29,000 19,200 18,000 19,200 18,000 Ending Balance $ $ 429,000