Answer:
Explanation:
The preparation of the statement of stockholder equity and balance sheet is presented below:
a. Statement of stockholder equity 
<u>Particulars            Common stock         Retained earnings      Total stock equity</u>
Beg balance        $150000                   $50,000                      $200,000
Add: Addi shares  $40,000                                                       $40,000
Add: Net income                                    $30,000                     $30,000
Less: dividend                                         -$10000                     -$10000
Total                     $190,000                 $70,000                    $260,000
b. Balance sheet
Assets                          Amount                    
Cash                               $52,600                  
Supplies                         $13,400                
Prepaid rent                   $24,000                    
Land                               $200,000     
Total assets                   $290,000          
 Liabilities       Amount 
 Account payable $9,100
 Un-earned revenue $2,400
Salaries payable $3,500
 Notes payable      $15,000
  Stockholder equity $260,000
Total liabilities & stockholder equity $290,000