Financial Statements The adjusted balances shown below are for Fine Consulting Service as of December 31. Byran Fine made no capital contributions during the year. Cash Accounts receivable Supplies Prepaid insurance $16,200 Retained earnings $31,230 19,620 Dividends 17,400 18,360 Service fees earned 350,400 Equipment Accumulated depreciation-Equipment 6,480 Supplies expense 9,000 Rent expense 38,400 Salaries expense 72,000 200,400 28,200 5,070 Insurance expense 19,500 42,000 Depreciation expense-Equipment 12,000 Interest expense 4,320 3,780 Accounts payable Long-term notes payable Common stock REQUIRED Prepare an income statement and a statement of stockholders' equity for the year, and a balance sheet as of December 31. FINE CONSULTING SERVICE Income Statement For Year Ended December 31 Revenues Ex Accounts payable Accounts receivable Accumulated depreciation Common stock Depreciation expense Dividends Equipment Insurance expense Interest expense Long-term notes payable Net income Prepaid insurance No Rent expense Retained earnings Salaries expense Service fees earned Stockholders' Equity Supplies Supplies expense E $ that reduce the balance. quity 31 ed Earnings Total