Danny Hair Stylists' adjusted trial balance and income statement follow. Prepare Danny's statement of retained camnings for the year ended December 31, 2024 1. Click on the icon to view the adjusted trial balance) (Click on the icon to view the income statement) Enter any increases in retained eamings prior to the subtotal and any decreases to retained earnings below the subtotal. (For amounts with a $0 balance, make sure to enter "o" in the appropriate cell) Danny Hair Stylists Statement of Retained Earnings Year Ended December 31, 2024 Retired Eaminos January 1, 2024 Retained Emin December 31, 2004 X 1 unt form. earnings Data Table (Click December 31, 2024 are the lia the box empty; do not Account Title Balance Debit Credit Stylists Cash $ 1,400 Sheet Accounts Receivable 1,800 31, 2024 1,600 20,300 $ 2,600 Office Supplies Equipment Accumulated Depreciation Equipment Accounts Payable Interest Payable Notes Payable Common Stock 300 400 4,100 11,400 Dividends 700 Service Revenue 16,500 4,700 Rent Expense Supplies Expense Depreciation Expense Equipment Interest Expense 700 2,600 1,500 Total 35,300 $ 35,300 S and then clic bare Danny's statement of retained earnings for the year ended December 31, 2024. k on the icon to view the income statement.) i Reference Danny Hair Stylists Income Statement Year Ended December 31, 2024 Revenues: Service Revenue $ 15,500 $ 5,600 2,100 Expenses: Rent Expense Interest Expense Depreciation Expense-Equipment Supplies Expense Total Expenses 1,700 300 9,700 Net Income (Loss) S 5,800