Exercise -1 -Preparing Financial Statements The records of Roadmaster Auto Rentals show the following information as of December 31: Accounts payable $36,000 Wages expense $75,000 Insurance expense $2,000 Advertising expense $22,000 Accounts receivable $24,000 Cash balance $11,000 R Fletcher, Capital, January 1 $150,000 Office Furniture $15,000 Vehicles $210,000 Maintenance expense $39,000 Notes payable $47,000 Revenues $217,000 The owner, Rob Fletcher withdrew $52,000 during the year for personal expenses. Using the above information, prepare the following Financial Statements for the month of December. Make sure you use the proper Statement template and heading: a) Income statement b) Statement of Retained Earnings, and c) Balance sheet