Using adjusted balances prepare an income statement with EPS for the current year and fill in the blanks for the statement of stockholders equity.

Green Valley Company prepared the following trial balance at the end of its first year of operations ending December 31. To simplify the case, the amounts given are in thousands of dollars. UNADJUSTED Debit Credit 20 13 8 85 11 Account Titles Cash Accounts receivable Prepaid insurance Machinery Accumulated depreciation Accounts payable Wages payable Income taxes payable Common stock (4,000 shares) Additional paid-in capital Retained earnings Revenues (not detailed) Expenses (not detailed) Totals 4 67 6 82 32 164 164 Other data not yet recorded at December 31 include: a. Insurance expired during the current year, $7. b. Wages payable, $4. c. Depreciation expense for the current year, $9. d. Income tax expense, $11. Required: 1. Using the adjusted balances, prepare an income statement for the current year. (Round "Earnings per share" to 2 decimal places. Enter your answers in thousands.) 2. Using the adjusted balances, prepare statement of stockholders' equity for the current year. The balance in retained earnings represents dividends that were declared and paid in the current year. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands.) GREEN VALLEY COMPANY Statement of Stockholders' Equity (in thousands of dollars) Common Stock Additional Paid-in Capital Retained Earnings Total Stockholder Equity Beginning balances Net income Dividends declared Ending balances $ 0 $ 0 $ 0 $ 0