Help Save & Exit Su Problem 1.205 [LO 1.2] 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 s 41,800 31,800 10,180 21,800 10,360 50,900 109,000 1e,180 11,700 5,180 21,800 21,220 Required 1. Prepare the income Statement for the year ended December at Year 1 2. Prepare the statement of retained earnings for the year ended Decemper 31. Year 1 3. Prepare the balance sheet for the year ended December 31 Yeer 1 adx Saved 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: Total Revenues Expenses Total Expenses Prex/8f 30 F3 F4 F5 F6 F7 F8 F9 F10 -tion for endin DALLY D Col Gas OcentLink I Save Complete this question by entering your answers in the tabs Required 1 Required 2Required 3 Prepare the statement of retained earnings for the year ended Decemb VANTAGE SERVICE Statement of Retained Earnings For the Year Ended December 31, Year 1 Retained Earnings, January 1, Year1 Retained Earnings. December 31 Year 1