On December 31, 2021, Fighting Okra Cooking Services reports the following revenues and expenses.Service revenue       $75,000               Rent expense            $10,600Postage expense         1,500               Salaries expense          24,000Legal fees expense      2,400               Supplies expense        14,500In addition, the balance of common stock at the beginning of the year was $200,000, and the balance of retained earnings was $32,000. During the year, the company issued additional shares of common stock for $25,000 and paid dividends of $10,000. Required: 1. Prepare an income statement. 2. Prepare a statement of stockholders’ equity.

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