Data Table - X Cash 15,000 Office equipment. 11,100 Retained earnings. 1,450 Common stock 20,000 Accounts payable 3,300 Note payable.. 4,000 Accounts receivable 2,100 Supplies 550 Print Done i Requirements 1. What type of business organization is Hair Today Salon? 2. Prepare the balance sheet of the business at March 31, 2018. 3. What does the balance sheet report? Print Done - X iRequirements - X 1. Identify each amount shown as an asset, liability, revenue, or expense. 2. Prepare the income statement of Albright Consulting, Inc., for the year ended December 31, 2018. What is the result of operations for 2018? 3. Assuming the balance in Retained earnings on December 31, 2018, was $49,700, what was the amount of the dividends during the year? Answer by preparing a statement of retained earnings to solve for the dividends. Recall that the business has just completed its first year and has no beginning balance for retained earnings. Print Done