Answer:
                        Artichoke Academy
            Statement of Stockholders’ Equity
         For the Year Ended December 31, 2021
Beginning balance Common Stock                   $164,000
<u>Beginning balance retained earnings                $64,000</u>
Subtotal                                                              $228,000
Common Stock issued                                        $54,000
Earned net income                                              $44,000
<u>Distributed dividends                                          ($11,400)</u>
Ending balance Common Stock                      $218,000
<u>Ending balance retained earnings                    $96.600</u>
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