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Prepare a statement of stockholders' equity for 2022.

Boomer Co. reported the following events in 2021, the first year of operations: 1. Issued common stock for $54,000. 2. Paid $13,900 for 1-year of rent from April 1, 2021, to March 31, 2022. 3. Provided services to customers on account for $110,000. 4. Incurred operating expenses on account of $44,500. 5. Received $84,000 cash from customers on account. 6. Paid $40,000 to employees for 2021 salaries. 7. Paid $35,600 on account. Adjusting Entries 8. Recorded adjusting entry for rent used in 2021 (from 2 above.) 9. Recorded adjusting entry for $6,200 of accrued salaries owed at the end of 2021 Events for 2022 1. Paid $6,200 for the salaries accrued at the end of 2021, 2. Provided services for cash of $59,000. 3. Purchased $4,700 of supplies on account. 4. Paid $16,200 for 1-year of rent April 1, 2022 to March 31, 2023, 5. Provided services to customers on account for $126,000, 6. Incurred operating expenses on account of $60,500, 7. Received $108,000 from customers on account 8. Paid $58,000 on account. 9. Paid $33,400 to employees for 2022 salaries. 10. Paid $10,000 in dividends to stockholders. not the same Adjusting Entries 11. Recorded adjusting entry for rent used in 2022. (Hint Part of the rent was paid in 2021; rent per month in each month in 2022.) 12. Recorded adiustina entry for Supplies. At the end of the vear. $400 of supplies were still on hand, BOOMER COMPANY Statement of Stockholders' Equity For the Year Ended December 31, 2022 $ LA 0 0 Total stockholders' equity $ PA 0

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