Below is the complete list of accounts of Cobras Incorporated and the related balances. Supplies, $1,000; Bulldings, $55,000; Salaries Payable, \$500, Common Stock, \$35,000; Accounts Payable, \$2,200; Utilities Expense, \$3,700, Prepaid Insurance, \$1,200, Service Revenue, \$19,500; Accounts Recelvable, \$4,200; Cash, \$3,500, Salaries Expense, \$6,400, Retained Earnings, $27,200. Required: 1. Prepare a preliminary balance sheet for Cobras incorporated. 2. Prepare a preliminary income statement for Cobras incorporated. Complete this question by entering your answers in the tabs below. Prepare a preliminary balance sheet for Cobras incorporated. Below is the complete list of accounts of Cobras Incorporated and the related balances. Supplies, $1,000; Buildings, $55,000; Salaries Payable, \$500; Common Stock, \$35,000; Accounts Payable, \$2,200; Utilities Expense, \$3,700; Prepaid Insurance, \$1,200, Service Revenue, \$19,500, Accounts Receivable, \$4,200; Cash, \$3,500; Salaries Expense, \$6,400, Retained Earnings, \$27.200. Required: 1. Prepare a preliminary balance sheet for Cobras Incorporated. 2. Prepare a preliminary income statement for Cobras incorporated. Complete this question by entering your answers in the tabs below. Prepare a preliminary income statement for Cobras Incorporated. Note: Amounts to be deducted should be indicated by a minus sign