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. Notes payable Prepaid insurance Interest expense Accounts payable Wages payable Cash Wages expense Insurance expense Common stock Retained earnings Services revenue $ 19,000 3,300 660 5,500 1,200 26,000 8,300 2,600 16,400 56,400 60,000 Accumulated depreciation-Buildings Accounts receivable Utilities expense Interest payable Unearned revenue Supplies expense Buildings Dividends Depreciation expense-Buildings Supplies $ 23,000 5,600 2,100 420 1,200 360 120,000 7,000 6,000 1,200 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 $56,400 on December 31 of the prior year. Complete this question by entering your answers in the tabs below. Income Statement of Income Statement Statement of Retained Earnings Balance Sheet Prepare the income statement for the year ended December 31. STARK COMPANY Income Statement For Year Ended December 31 Expenses Total expenses income Statement Statement of Retained Earnings > Statement of Income Retained Balance Sheet Statement Earnings Prepare the statement of retained earnings for the year ended December 31. The Retained Earnings account balance was $56,400 on December 31 of the prior year. STARK COMPANY Statement of Retained Earnings For Year Ended December 31 Retained earnings, Dec. 31 prior year end Retained earnings, Dec. 31 current year end