7 Part 2 of 2 7.5 points Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Stark company has the following adjusted accounts with normal balances at its December 31 year-end. Notes payable Prepaid insurance Interest expense Accounts payable Wages payable Cash Wages expense Insurance expense Common stock Services revenue $ 16,000 Accumulated depreciation-Buildings 3,000 Accounts receivable 600 Utilities expense 4,000 Interest payable 900 Unearned revenue 20,000 Supplies expense 8,000 Buildings 2, 300 Dividends 15,000 Depreciation expense-Buildings 45,000 Supplies Retained earnings $ 20,000 5,000 1,800 300 1,050 300 90,000 5,500 4,500 1,050 39, 800 Exercise 3-17 (Algo) Preparing Financial Statements LO P5 Use the adjusted accounts for Stark Company to prepare the (1) income statement and (2) statement of retained earnings for the year ended December 31 and (3) balance sheet at December 31. The Retained Earnings account balance was $39,800 on December 31 of the prior year.