k Required information [The following information applies to the questions displayed below.) The following is the adjusted trial balance of Sierra Company. Account Title Debit Credit Cash $ 39,000 Prepaid insurance 2,200 Notes receivable (due in 5 years) 7.400 Buildings 105,000 Accumulated depreciation-Buildings $ 29,000 Accounts payable 11,000 Notes payable (due in 3 years) 11,500 Common stock 13,500 Retained earnings 22,500 Dividends 9,500 Consulting revenue 94,500 Wages expense 5,200 Depreciation expense-Buildings 10,500 Insurance expense 3,200 Totals $182,000 $182,000 ences Required (1) Prepare an income statement for the year ended December 31, (2) Prepare a statement of retained earnings for the year ended December 31 Complete this question by entering your answers in the tabs below. Required 1 Required 2 de nanamhar Required 1 Required 2 Prepare an income statement for the year ended December 31. SIERRA COMPANY eBook Income Statement Hint References Total revenue Total expense