Instruction The assets and liabilities of Rocky's Day Spa at December 31 and expenses for the year are listed below. The stockholders' equity was 568,000 (548,000 in Common Stock and $20,000 in Retained Earnings) at January 1. The shareholders invested in an additional $10,000 of common stock during the year.Net income for the year is $45,625 Accounts Amounts Accounts Amounts Accounts payable $ 4,375 Spa operating expense $23.760 Accounts receivable 8.490 Office expense 2.470 Cash 13.980 Spa supplies 9 230 Fees earned 222 Wages expense 26,580 Spa furniture & equipment 56,000 Dividends 38,170 Computers 2.13 Required: Prepare an income statement for Rocky's Day Spa for the current year ended December 31. Refer to the lists of Accounts in the information given, Labels, and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading You will not need to enter colons() on the income statement Labels and Amount Descriptions Labels December 31 Expenses For the Year Ended December 31 Amount Descriptions Net income Net loss Total expenses Prepare an income statement for Rocky's Day Spa for the current year ended December 31 Refer to the Nsts of Accounts in the information given, Labels, and Amount Description for the exact wording or the answer choice for text entries. Be sure to complete the statement readingYou will not need to enter colons() on the income statement Rocky's Day Spa Income Statement For the Year Ended December 31 1 Income Statement Rocky's Day Spa Income Statement For the Year Ended December 31 1 2 (Label) h 3 4 5 6 7 Net income