Following is a list of financial statement items and amounts for Vantage Service as of 12/31/Year 1, the end of its first year in operation Accounts Receivable Accounts Payable Cash Common Stock Notes Payable Equipment Sales Revenue Fuel Expense Rent Expense Advertising Expense salaries and Wages Expense Retained Earnings Dividends $ 40, see 30,000 18,888 20,000 10,080 50,000 1ee, eee 10,000 15, eee 5,eee 20,000 10,000 Required: 1. Prepare the income statement for the year ended December 31, Year 1 2. Prepare the statement of retained earnings for the year ended December 31 Year 1 3. Prepare the balance sheet for the year ended December 31, Year 1. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare the income statement for the year ended December 31, Year 1. VANTAGE SERVICE Income Statement For the Year Ended December 31, Year 1 Revenues Sales Revenue 4 0 Total Revenues Expenses Rent Expense Advertising Expense Salaries and Wages Expense Fuel Expense Total Expenses