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Ch Exercise 3-8 Preparing Financial Statements from a Trial Balance LO P6 Following are the accounts and balances (in random order) from the adjusted trial balance of Stark Company. SOM Motos payable Prepaid insurance Interest expense Accounts payable Wages payable Cash Wagen expense Insurance expense Common stock Retained earnings Services revenue $ 30,000 4,400 880 11,000 2,300 48,000 9,400 3,700 25,200 113,600 115,000 Accumulated depreciation-Buildings Accounts receivable Utilities expense Interest payable Unearned revenue Supplies expense Buildings Dividends Depreciation expense Buildings Supplies $ 34,000 7,800 3,200 860 1,750 580 230,000 12,500 11,500 1,750 Print Coronam Prepare the (1) Income statement and (2) statement of retained earnings for the year ended December 31 and (3) bale sheet at December 31. The Retained Earnings account balance was $113,600 on December 31 of the prior year. Complete this question by entering your answers in the tabs below. Income Statement Statement of Retained Earnings Balance Sheet Statement of Income Statement Retained Balance Sheet Earnings Prepare the income statement for the year ended December 31. STARK COMPANY Income Statement For Year Ended December 31 Expenses Total expenses Income Statement of Retained Balance Sheet Statement Earnings Prepare the statement of retained earnings for the year ended December 31. The Retained Earnings account balance was $113,600 on December 31 of the prior year. STARK COMPANY Statement of Retained Earnings For Yoar Ended December 31 Retained earnings, Dec. 31 prior year end Retained earnings, Dec. 31 current year end Statement of Income Retained Statement Balance Sheet Earnings Prepare the balance sheet at December 31. 15 points STARK COMPANY Balance Sheet December 31 Assets eBook QON Hint Ask Total assets Print Liabilities References Total liabilities Equity Total equity Total liabilities and equity