help please

FINANCIAL STATEMENT PREPARATION AND REPORTING (10 points): The following is a list of all active accounts of Mafiosi Corporation and corresponding balances (all amounts in USD) as of December 31, Year 2. Time Attem 56 M 24/7 Cash Accounts Receivable Supplies Notes Receivable (due in 2 years) Land Notes Payable (due in 8 months) Accounts Payable Interest Payable Unearned Revenue Common Stock Retained Earnings Service Revenue Consulting Revenue Miscellaneous Expense Salaries Expense Interest Expense Supplies Expense Rent Expense $150,000 12,000 4,000 16,000 160,000 40,000 15,000 5,000 10,000 210,000 ?????? 60,000 39,000 40,000 17.000 3,500 2.500 3,000 Additionally, in Year 1. Mafiosi Corporation declared dividends of $15,000. Those dividends were paid in Year 2. No additional dividends were declared in Year 2 A) Calculate net income or net loss for Mafiosi Corporation in Year 2. (8 points) P] The Retained Earnings balance as of December 31. Year 1 was $29.000. What is the balance of A) Calculate net income or net loss for Mahosi Corporation in Year 2. (8 points) B) The Retained Earnings balance as of December 31. Year 1 was $29,000. What is the balance of the Retained Earnings account as of December 31, Year 2? (2 points) Label your answers. SHOW YOUR WORK FOR POTENTIAL OF EARNING PARTIAL CREDIT IN THE CASE OF AN INCORRECT