Here are the assets, liabilities, and common stock of the Newcastle Company at December 31, 2021, and the revenues and expenses for the month of December, its first month of operations: Prepare an income statement, retained earnings statement, and balance sheet using the amounts listed below. Cash $ 4,600 Notes payable $12,00 0 Accounts payable Accounts receivable Sales revenue 4,000 500 Supplies expense 8,500 1,000 Cost of goods sold Inventory 3,100 1,600 Supplies 2,400 Maintenance and repairs expense Utilities expense 600 Advertising expense Equipment 400 300 Salaries and wages expense 26,00 0 1,400 Common stock 24,80 0 During June, the company paid dividends of $400. Requirement 1: In simple form, prepare the Income Statement for the year ended December 31, 2021. Newcastle Company Income Statement For the month ended December 31, 2021 Requirement 2: Prepare the retained Earnings Statement for the year ended December 31, 2021. Newcastle Company Retained Earnings Statement For the month ended December 31, 2021 Requirement 3: In simple form, prepare the Balance Sheet as of December 31, 2021. Newcastle Company Balance Sheet December 31, 2021