Prepare Bisceglia’s income statement, statement of retained earnings, and balance sheet for the year ending December 31, 20X5. The following information is all that is available. Be sure to prepare proper headings and dates on each financial statement.

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Capital stock $41,000 Rent expense $10,000 Wage expense 37,000 Accounts payable 4,000 Revenue 90,000 Equipment 80,000 Cash 9,000 Dividends 5,000 Utilities expense 6,000 Accounts receivable 19,000 Beginning retained earnings 11,000 Notes payable 20,000