9 Required information The following information applies to the questions displayed below) Vanishing Games Corporation (VGC) operates a massively multiplayer online game, charging players a monthly subscription of $12. At the start of January 2018, VGC's income statement accounts had zero balances and its balance sheet account balances were as follows: Part 6 of 7 2 point BOR Cash Accounts Receivable Supplies Equipment Buildings Land Accounts Payable Deferred Revenge Notes Payable (due 2025) Comon stock Retained Earnings $1,590,000 245,000 17,800 922,000 435,000 1.250.000 137,000 140,000 B1,000 2.800,000 1,301,800 References In addition to the above accounts, VGC's chart of accounts includes the following: Service Revenue, Salaries and Wages Expense, Advertising Expense, and Utilities Expense. The following transactions occurred during the January.onthe a. Received $65,250 cash from customers on 11 for subscriptions that had already been earned in 2017. b. Purchased 10 new computer servers for $34,600 on 1/2: paid $14.400 cash and signed a three-year note for the remainder owed. c. Pald $12,600 for an internet advertisement run on 13. d. On January 4, purchased and received $3,300 of supplies on account. e. Received $215,000 cash on V5 from customers for service revenue earned in January Paid $3,300 cash to a supplier on January 6. 9. On January 7, sold 19,200 subscriptions at $2 each for services provided during January, Half was collected in cash and half was sold on account h. Paid $420,000 in wages to employees on 130 for work done in January 1. On January 31, received an electric and gas utility bill for $5 250 for January Utility services. The bill will be paid in February 6. Prepare a Statement of Retained Earnings for the month ended January 31, 2018, using the beginning balance given above and the net income from part 5. Assume VGC has no dividends. VANISHING GAMES CORPORATION Statement of Retained Earnings Retained Earnings January 1, 2018 Add: Net Income Less Dividends Retained in January 31, 2018 S