Equipment Accounts payable Common stock Dividends Services revenue Rent revenue Salaries expense Advertising expense Utilities expense $ 27,000 16,000 31,000 14,000 75,000 18,000 46,000 12,000 10,000 (a) Prepare its year-end income statement. (b) Prepare its year-end statement of retained earnings, using net income calculated in part a. Required A Required B Complete this question by entering your answers in the tabs below. Prepare its year-end statement of retained earnings, using net income calculated in part a. TERRELL COMPANY Statement of Retained Earnings For Year Ended December 31 $ < Required A 0 0 Required B >