Exercise 3-8 Preparing Financial Statements from a Trial Balance LO P6 Following are the accounts and balances (in random order) from the adjusted trial balance of Stark Company. $ 28,000 6,6e0 2,6ee 620 1,45e 460 Accumulated depreciation-Buildings Accounts receivable Utilities expense Interest payable Unearned revenue $ 24,000 3,8ee 760 Notes payable Prepaid insurance Interest expense Accounts payable Mages payable Cash 8,ee0 1,780 36,008 8,8ee 3,1ee 28,488 82,400 85, eee Supplies expense Buildings Dividends Depreciation expense-Buildings Supplies 17e,eee 9,see 8,see 1,458 Wages expense Insurance expense Common stock Retained earnings Services revenue Prepare the (1) income statement and (2) statement of retained earnings for the year ended December 31 and (3) balance sheet at December 31. The Retained Earnings account balance was $82.400 on December 31 of the prior year Complete this question by entering your answers in the tabs below. Statement of Retained Eamings Income Statement Balance Sheet Prepare the income statement for the year ended December 31 STARK COMPANY Income Statement For Year Ended December 31 Expenses Total expenses Stateent of Retained Earnings $ 28,000 6,600 2,6ee 620 1,450 460 170, ee0 9,5ee 8,see 1,45e Accu lated depreciation-Buildings Accounts receivable Utilities expense Interest payable Unearned revenue $ 24,000 3,800 76e 8,000 1,700 36,000 Supplies expense Notes payable Prepaid insurance Interest expense Accounts payable Wages payable Cash Wages expense Insurance expense Common stock Retained earnings Buildings Dividends Depreciation expense-Buildings Supplies 8,8ee 3,100 20,400 82,48e 85,0ee Services revenue Prepare the (t) income statement and (2) statement of retained earnings for the year ended December 31 e December 31. The Retained Earnings account balance was $82400 on December 31 of the prior year Complete this question by entering your answers in the tabs below. Statement of Retained Eamings Income Statement Balance Sheet Prepare the statement of retained earnings for the year ended December 31. The Retained Earnids account ba $82.400 on December 31 of the prior year. STARK COMPANY Statement of Retained Earnings For Year Ended December 31 Retained eamings, Dec. 31 prior year end Retained eamings, Dec 31 oument year end