Following are the amounts of the assets and liabilities of New World Travel Agency at December 31, 2012, the end of the current year, and its revenue and expenses for the year. The retained earnings was $105,000 on January 1, 2012, the beginning of the current year. During the current year, dividends of $10,000 were paid.

Accounts Payable	$25,000	Rent Expense	$46,000
Accounts Receivable	60,000	Supplies	5,000
Capital Stock	15,000	Supplies Expense	3,000
Cash	110,000	Utilities Expense	18,000
Fees Earned	200,000	Wages Expense	90,000
Miscellaneous Expense	4,000

1. Prepare an income statement for the current year ended December 31, 2012.

2. Prepare a retained earnings statement for the current year ended December 31, 2012.

3. Prepare a balance sheet as of December 31, 2012. When entering assets, enter them in order of liquidity.

4. What item appears on both the retained earnings statement and the balance sheet?