BAC 131-70 abdullah majoub & I 06/25/20 10:53 PM Save Homework: Chapter 1 Exercises Score: 0 of 1 pt 9 of 15 (12 completo) HW Score: 78.11%, 11.72 of 15 pts S1-13 (similar to) Question Help Flower Portal Aragonesas corrploted operations for the year ended December 31, 2018. This is the third year of operations for the company. The following data have been assorbed for the business Click the icon to view the embled data of Flower Potal Arrangements Click the icon to view the income statement Prepare the statement of retained cernings of Flower Potal Aerangements for the year ended December 31, 2016 Enter any increases in retained earnings prior to the subtotal and any decreases to retained earrings below the subtotal - X Data Table Relared Earnings, Jary 1, 2018 $ $ 3,500 88,000 Insurance Experne Service Revenue Utlities Expense Rent Experise Common Stock Cash Retained Earings, January 1, 2018 Salaries Expanse Accounts Payable Office Supplies Dividends Accounts Receivable Equipment 1.100 12,000 5,500 5.000 5,500 40.000 1 300 2000 5000 7.500 Retained Earnings December 31, 2018 24 200 Choose from any ist or enter any number in the input fields and then click Check Answer All parts showing Print Done Type here to search 105 PM 6/25/2020 Reference - X Help 2018. icon ness: Dece Barnir $ Flower Petal Arrangements Income Statement Year Ended December 31, 2018 Revenues: Service Revenue Expenses: Salaries Expense Rent Expense Insurance Expense Utilities Expense Total Expenses 88,000 40,000 12,000 3,500 1,100 56,600 Net Income $ 31,400