Income Statement, Statement of Retained Earnings, and Balance Sheet The following list, in alphabetical order, shows the various items that regularly appear on the financial statements of Sterns Audio Book Rental Corp. The amounts shown for balance sheet items are balances as of December 31, 2017 (with the exception of retained earnings, which is the balance on January 1, 2017), and the amounts shown for income statement items are balances for the year ended December 31, 2017 Accounts payable $4,600 Notes payable $ 10,000 Accounts receivable 100 Rental revenue 125,900 Advertising expense 14,300 Rent expense 59,800 Capital stock 50,000 Retained earnings 34,390 Cash 2,590 Salaries and wages expense 17,700 Display fixtures 45,000 Supplies Inventory 70,000 Dividends paid during the year 12,000 Water, gas, and electricity 3,400 1. Using the data given, prepare an income statement for the year ended December 31, 2017 Sterns Audio Book Rental Corp. Income Statement For The Year Ended December 31, 2017 Expenses