intrest payable is 2000, not 4000

Q4. The assets and liabilities of Web Services Inc. as of December 31, 2017 and revenues and expenses for the year ended on that date are listed here. Land 8,000 Equipment 11,000 Note payable 32,000 Accounts payable 15,000 Accounts receivable 25,000 Interest payable 4,000 Supplies 2,000 Common shares 15,000 Property tax expense 2,000 Salary expense 40,000 Rent expense 15,000 Building 126,000 Service revenue 145,000 3,000 Utilities expense 3,000 Interest expense 4,000 Beginning retained earnings were $60,000, and dividends totalled $30,000 for the year. Requirements: 1. Prepare the income statement of Web Services Inc. for the year ended December 31, 2017. 2. Prepare the company's statement of retained earnings for the year. 3. Prepare the company's balance sheet at December 31, 2017. Cash