Following is a list of financial statement items and amounts for Tim Burrs Tree Service as of 12/31/X3, the end of its first year in operation

Accounts Receivable	$	41,400
Accounts Payable		31,400
Cash		10,140
Common Stock		21,400
Notes Payable		10,280
Equipment		50,700
Service Revenue		107,000
Fuel Expense		10,140
Rent Expense		11,300
Advertising Expense		5,140
Salaries and Wages Expense		21,400
Retained Earnings		?
Dividends		19,860

1. Prepare the Income Statement for the year ended December 31, 20X3

2. Prepare the statement of retained earnings for the year ended December 31, 20X3

3. Prepare the balance sheet for the year ended December 31, 20X3.