Following is a list of financial statement items and amounta for Tim Burr's Tree Service at 12/31x3, the end of its first year in operation. Accounts Receivable $40,500, Accounts Payable 30,500 Cash 10,050, Common Stock 20,500, Notes Payable 10,100, Equipment 50,250, Service Revenue 102,500, Fuel Expense 10,050, Rent Expense 10,400, Advertising Expense 5,050, Salaries and Wages Expense 20,500, Retained Earnings ?, Dividends 16,800 Required: 1. Prepare the Income Statement for the year ended December 31, 20X3. Tim Burr's Tree Service; For the year Ended December 31, 20X3.; Revenues: Total Revenue, $ o; Expenses: Total Expense, 0 (2) Prepare the statement of retained earninga for the year ended December 31, 20X3. Tim Burr's Tree Service; Statement of Retained Earnings; For the Year Ended December 31, 20X3. Retained Earnings, January 1, 20X3.; Retained Earnings, December 31, 20X3. (3) Prepare the balance sheet for the Year Ended December 31, 20X3. Tim Burr's Tree Service; Balance Shee; December 31, 20X3.; Assets; Total Assets $ 0; Liabilities; Total Liabilities 0; Stockholders' Equity; Total Stockholders' Equity 0; Total Liabilities and Stockholders' Equity $ 0