Problem 1-33A interrelationships among ninancial statements LU 1-2, 1-3, 1-5, 1-0, 1-1 [The following information applies to the questions displayed below.) Pratt Corp. started the Year 2 accounting period with total assets of $29,000 cash, $11,500 of liabilities, and $14,000 of retained earnings. During the Year 2 accounting period, the Retained Earnings account increased by $15,550. The bookkeeper reported that Pratt paid cash expenses of $30,500 and paid a $2,900 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 $4,000 cash to reduce the Hability owed to a bank, and the business acquired $6,300 of additional cash from the issue of common stock. Assume all transactions are cash transactions. Problem 1-33A Part c. Prepare the Year 2 balance sheet. PRATT CORP Balance Sheet As of December 31, Year 2 Assets Cash $ 46,850 0 $ 46,850 7,500 S Total assets Liabilities Stockholders' Equity Common stock Retained earnings 0 Total stockholders' equity Total liabilities and stockholders' equity 0 7,500 $