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Midwest Financial Consulting provides financial services related to investment selections, retirement planning, and general insurance needs. For the current year, the company reports the following amounts:

$\backslash$table$[[$Advertising Expense,$$31,200,$Service Revenue,$129,300],[$Buildings$,108,000,$Interest Expense,$3,500],[$Salaries Expense,$67,800,$Utilities Expense,$14,500],[$Accounts Payable,$6,300,$Equipment,$25,700],[$Cash$,6,400,$Notes Payable,$30,000]]$

In addition, the company had common stock of $$60,000$ at the beginning of the year and issued an additional $$15,000$ during the year. The company also had retained earnings of $$20,000$ at the beginning of the year and paid dividends of $$3,500.$

Required:

Prepare the income statement for the year ended December $31.$

Prepare the statement of stockholders' equity for the year ended December $31.$

Prepare the balance sheet as of December $31.$

Complete this question by entering your answers in the tabs below.

Required $3$

Prepare the income statement for the year ended December $31.$

$\backslash$table$[[$MIDWEST FINANCIAL CONSULTING,$],[$Income Statement,$],[$For the year ended December $31,,],[,,],[,,],[$Expenses:$,,],[,,],[,,]]$