statement and a balance sheet LO $1-7$

Majka Company was started on January $1,$ Year $1.$ During Year $1,$ the company experienced the following accounting events: $(1)$ Issued $52,700$ worth of common stock $(2)$ earned cash revenues of $$31,600,(3)$ paid cash expenses of $$14,200,$ and $(4)$ paid a $$2,500$ cash dividend to its stockholders. These were the only events that affected the company during Year $1.$

$01$:$57$:$09$ Required

a$.$ Record the effects of each accounting event under the appropriate general ledger account headings.

b$.$ Prepare an income statement, statement of changes in stockholders' equity, and a balance sheet dated December $31,$ Year $1,$ for Majka Company.

Complete this question by entering your answers in the tabs b

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Required B Inc $\backslash$

Stmt & $\backslash$begin$\{$tabular$\}\{$c$\}$

Required B $\backslash$

Stmt of $\backslash$

Changes

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Required B Bal $\backslash$

Sheet

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Record the effects of each accounting event under the appropriate ger account balances with a minus sign.$)$