Derek Photography, Inc. Worksheet For the Year Ended December 31, 2021 Accounts Debit Credit Cash $15,000 Accounts receivable 30,000 Prepaid insurance 7,500 Office supplies 3,200 Land 40,000 Building 160,000 Accumulated depreciation $12,000 Equipment 75,000 Accumulated depreciation 8,500 Accounts payable 12,000 Salaries payable 2,000 Unearned service revenue 25,000 Mortgage payable 100,000 Common stock 10,000 Retained earnings 11,290 Dividends 23,000 Service revenue 289,000 Salaries expense 61,000 Depreciation expense 6,150 Supplies expense 14,040 Insurance expense 14,000 Utilities expense 20,900 $469.790 $469,790 Requirements: 1. Using the information provided in the worksheet above, prepare an income statement, retained earnings and balance sheet for Derek Photography, Inc