Assume that you are the owner/operator of College Park Veterinary Clinic. At the end of the second year of operations (June 30, 2017), the following financial data for the company are available: Cash Accounts Receivable Supplies Property and Equipment Other Assets Accounts Payable Notes Payable Other Liabilities Sales Revenue Operating Expenses Selling and Administrative Expenses Advertising and Marketing Expenses Interest Expense Retained Earnings, July 1, 2016 Contributed Capital Dividends $ 6,500 116,800 40,000 232,600 15,000 23,400 170,000 26,400 270,000 196,200 46,400 23,800 6,000 50,000 167,000 23,500 Required: 1. Prepare an income statement for the year ended June 30, 2017. (Negative amounts should be indicated by a minus sign.) Expenses COLLEGE PARK VETERINARY CLINIC Income Statement For the Year Ended June 30, 2017 Total expenses 0 2. Prepare a statement of retained earnings for the year ended June 30, 2017. (Negative amounts should be indicated by a minus sign.) COLLEGE PARK VETERINARY CLINIC Statement of Retained Earnings For the Year Ended June 30, 2017 Retained earnings, July 1, 2016 Retained earnings, June 30, 2017 $ 0