whats the stockholders equity for this? Balance SheetAssetsEquipmentLiDiv PayEventsLand$ 50,000.00 $Accum Depr8,333.00 $CashAcct RecInventoryBuilding250.000.00Acct Pay257,000.00 $ 17,500.00 $ 28,000.00Beginning Balances as of Dec 31, Year 1Acquired $550,000 by signing a note payable with a local bank2. Sold 25,000 shares of $22 Common Stock for $1,500,0003. Purchased Equipment for $300,000.Purchased Inventory on Account - 25,000 Units at $1.15 per unit5a. Sold 15,000 units at $3.50 on Account5b. COGS for Sales on Account6. Collect $70,000 on Account7. Paid $117,250 of Accounts Payable8. Purchased Inventory on Account - 170,000 Units at $1.50 per unit9a. Sold 175,000 units at $3.50 on Account9b. COGS for Sales on Account10. Collect $472,500 on Account11. Paid $218,600 of Accounts Payable12. Purchased Invenfory on Account - 275,000 Units at $1.35 per unit13a. Sold 200,000 units at $3.50 on Account13b. COGS for Sales on Account14. Collect $735,000 on Account15. Paid $494,150 of Accounts Payable16. Purchased Inventory on Account - 300,000 Units at $1.15 per unit17. Paid Sales & Marketing Expenses of $30,00018. Paid Operating Expenses of $75,70819. Record Wages Payable of $40,00020. Paid Product Line Research & Development Expenses of $150,000|21. Paid Advertising Expenses of $87,50024118,000.00550,0001,500,000(300,000)$ 300,00028,75028,75052,500(29,150)70,000 $(117,250)(70,000)(117,250)255,000255.000612,500(254,100)472,500 $(472,500)(218,600)$ (218,600.00)371,250371,250700.000(272,850)|-735,000 $(735,000)|-(494.150)|-$ (494,150.00)345,000345.000.00(30,000)(75,708)-(150,000)(87,500)22. Made the yearly required payment on the note payable. The note caries a 7%$interest rate and requires payments of $50,000 plus interest each December 31.(88,500)23. Record first year of Depreciation on Equipment Purchased in Year 2 with SalvageValue of $38,000 & useful life of 7 Yrs24. Declared a $10,000 cash dividend for stockholders25. Paid a $10,000 cash dividend for stockholdersBalance at end of Yr 237,429.0010,000.00(10,000)2,012,792 $(10,000.00)105,000 $471,900 $ 300,000 $50,000 S250,000 -$45,762 $288,000 $Total Assets3.143.930Total Liabilities & Equity3,143,930 EquityAPIC100,000.00 $LiabNotes PayWages PayRetain Earnings176,167.00Common StockAccount TitlesRevenueExpenseNet IncomeТуреAmount200.000,00 $550,000Financing550,000$ 1,500,000550,000 $950,000FinancingInvesting(300,000)Non Cash52,50052,50052,500Non Cash(29,150)29.150 $(29,150)Non CashOperating70,000OperatingNon Cash$ (117,250)612.500612,500612,500Non Cash(254,100)254,100(254,100)Non CashOperatingOperating472,500$ (218,600)Non Cash700,000700,000700,000Non Cash(272,850)272,850 $ (272,850)Non Cash735,000(494,150)OperatingOperatingNon CashOperatingOperating30,000 $75,708 $40,000 $150,000 $ (150,000)87,500 $(30,000)(75,708)(30,000)(30,000)(75,708)(40,000)(150,000)(87,500)(75,708)40,000(40,000)OperatingOperating$ (150,000)(87,500)(87,500)$(50,000)(38,500)38,500 $(38,500)Operating(88,500)(37,429)$37,429 $(37,429)Non Cash(10,000)Non CashFinancingNet Change in Cash(10,000)500,000 $40,000 $750,000 $1,050,000 $515,9301,365,000 $ 1,015,237 $349,763$ 1,755,792

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Financial statement means the trading and profit and loss account and balance sheet of the company…