Chapter 1 Assignment Saved Help Save & Exit Submit Check my work 11 19 poines Following is a list of financial statement items and amounts for Vantage Service as of 12/31/Year 1, the end of its first year in operation Accounts Receivable Accounts Payable Cash Common Stock Notes Payable Sales Revenu Fuel Expense Rent Expense Advertising Expense Salaries and Mages Expense Retained Earnings Dividends $40,000 30,000 10,000 20,000 10,000 50,000 100,000 10,000 15,000 5,000 20,000 10,00 Mc Graw Hill Required: 1. Prepare the income statement for the year ended December 31, Year 1 2. Prepare the statement of retained earnings for the year ended December 31, Year 1 3. Prepare the balance sheet for the year ended December 31, Year 1 Complete this question by entering your answers in the tabs below. Perreault, Iss 174.pptx n Type here to search