10 01:08:27 Use the following information available as of December 31 to prepare an income statement for the year and a balance sheet at December 31st for Glacier Company. Fees received for services performed during the year, $128,000 Accounts payable, $18,500 Accounts receivable, $18,000 Miscellaneous expenses for the year, $9,300 Supplies on hand, $2,800 Notes payable, $26,000 Interest expense on the note for the year, $3,800 Equipment, $90,300 Cash on hand, $11,800 Salaries expense for the year, $70,800 Supplies expense for the year, $8,900 Rent expense for the year, $11,300 Common stock that has been issued, $58,000 Retained earnings at the end of the year, $20,400 Saved a. Prepare an income statement for the year. b. Prepare a balance sheet at December 31st.

Use the following information available as of December 31 to prepare an income statement for the year and a balance sheet at December 31"t for Glacier Company. Fees received for services performed during the year, $128,000 Accounts payable, $18,500 Accounts receivable, $18,000 Miscellancous expenses for the year, $9,300 Supplies on hand, $2,800 Notes payable, $26,000 interest expense on the note for the year, $3,800 Equipment, $90,300 Cash on hand, $11,800 Salaries expense for the year, $70,800 Supplies expense for the year, $8,900 Rent expense for the yeat, $11,300 Common stock that has been issued, $58,000 Retained earnings at the end of the yeat, $20,400 a. Prepare an income statement for the year. b. Prepare a balance sheet at December 312t