At the beginning of 2021, Artichoke Academy reported a balance in common stock of $164,000 and a balance in retained earnings of $64,000. During the year, the company issued additional shares of stock for $54,000, earned net income of $44,000, and paid dividends of $11,400. In addition, the company reported balances for the following assets and liabilities on December 31. Assets Liabilities Cash $54,000 Accounts payable $13,600 Supplies 12,300 Utilities payable 5,200 Prepaid rent 31,000 Salaries payable 4,900 Land 270,000 Notes payable 29,000. Required:
1. Prepare a statement of stockholders’ equity.
2. Prepare a balance sheet.

                       Artichoke Academy

           Statement of Stockholders’ Equity

        For the Year Ended December 31, 2021

Beginning balance Common Stock                   $164,000

Beginning balance retained earnings                $64,000

Subtotal                                                              $228,000

Common Stock issued                                        $54,000

Earned net income                                              $44,000

Distributed dividends                                          ($11,400)

Ending balance Common Stock                      $218,000

Ending balance retained earnings                    $96.600

Total Stockholders' Equity December 31, 2021: $314,600

          Artichoke Academy

              Balance Sheet

For the Year Ended December 31, 2021

Assets:

Cash $54,000

Prepaid rent $31,000

Supplies $12,300

Land $270,000

Total assets: $367,300

Liabilities and stockholders' equity:

Accounts payable $13,600

Utilities payable $5,200

Salaries payable $4,900

Notes payable $29,000

Common stock $218,000

Retained earnings $96,600

Total liabilities and stockholders' equity: $367,300

answer; ///decision making under risk;

since the options are not listed, when you are working on your budget you should also add water, tv, internet, miscellaneous and your 'fun' money for in your budget. when budgeting, you need to allow for fun money, and mis/accidental money so that you stick to the budget and not go crazy because you feel strapped to the budget.