boardwalk web design has just completed operations for the year ended for December 31, 2025. This is the third year of operations for the company. The following data have been assembled for the business Insurance Expense $4,000 Salaries Expense $42,000 Service Revenue 74,000 Accounts Payable 6,800 Utilities Expense 1,100 Supplies 2,100 Rent Expense 13,000 Dividends 3,900 Common Stock 6,000 Accounts Receivable 5,500 Cash 4,700 Equipment 15,000 Retained Earnings, January 1, 2025 4,500. Prepare the income statement of Boardwalk Web Design for the year ended December 31, 2025.