Labels and Amount Descriptions Income Statement Retained Earnings Statement Instructions The amounts of the assets and abilities of Journey Travel Agency at December 31, 2018, the end of the year, and its revenue and expenses for the year follow The retained earnings were 5625.000 on January 1, 2018, the beginning of the year. During the year, dividends of $41,000 were paid Accounts payable Accounts receivable Cash Common stock Fees earned Land $ 68,500 274,000 187.500 70,000 869.200 544.000 6,500 40.000 5,300 Miscellaneous expense Rent expense Supplies Supplies expense Utilities expense Wages expense 4.400 27 000 503 000 Required: 1 Prepare anomenat for the year ended December 31, 2018 Refer to the list of Accounts Labels, and Amount Descriptions provided for the exact wording of the answer choices for text entries Be sure to complete the statement heading to net loss is incurred enter that bols and Amount Desa Income Statement Retained Earnings Statement Instructions Miscellaneous expense 6,500 Rent expense 40,000 5,300 Supplies Supplies expense Utlities expense Wages expense 4,400 27.000 503,000 Required: 1. Prepare an income statement for the year ended December 31, 2018. Refer to the lists of Accounts. Labels, and Amount Descriptions provided for the exact wording of the answer choices for text entries. Be sure to complete the statement heading a net loss is incurred, enter that amount as a negative number using a minus sign. A colon () will automatically appear if it is required 2. Prepare a retained eaminas statement for the year ended December 31, 2018 Refer to the information given and the lists of Accounts. Labels, and Amount Descriptions provided for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. Il a net loss is incurred or dividends were paid enter that amount as a negative number using a minus sign. The word "Less" or "Add" is not needed in the Retained Earnings Statement 3. Prepare a balance sheet as of December 31, 2018 Refer to the lists of Accounts. Labels, and Amount Descriptions provided for the exact wording of the answer choices for text entries Be sure to complete the statement heading 4 What item appears on both the retained earnings statement and the balance sheet? Instructions Labels and Amo DOS Income State Instructions Labels and Amount Descriptions Labels December 31, 2018 Expenses For the Year Ended December 31, 2018 Amount Descriptions Change in retained earings Dividends . Net income Net loss Retained earnings Retained earnings, December 31, 2018 Retained earnings, January 1 2018 Total assets Total expenses Total liabilities and stockholders' equity Total stockholders equity SH Financial statements Label and Amount Descriptions Income Statement Retained Earnings Statement Income Statement Prepare numrin your room to moramo o retor Worogo the answer choices for text entre Be sure to complete the statement heading. Ia nel loss is incurred, enter that amount as a negative number using a minun sign. A colon () will automatically appear it is required Joumey Travel Agency Income Statement (Label 1 2 Label) 3 4 5 Labels and Amount Descriptions Income Statement Retained Earnings Statement Retained Earnings Statement 2. Prepare a retened.comings statement for the year ended December 31, 2018 Refer to the formation given and the list of Account Labels, and Amount Descriptions provided for the exact wording of the answer choices for text entries. Be sure to complete the statement heading to not loss is incurred or dividends were paid, enter that amount as a negative number using a minus sign. The word "Less" or "Add" is not needed in the Retained Earnings Statement Journey Travel Agency Retained Earnings Statement (tabel) Book Show Me How Balance Sheet 3. Prepare a balance sheet as of December 31, 2018. Refer to the lists of Accounts Labels, and Amount Descriptions provided for the exact wording of the answer choices for text entries. Be sure to complete the statement heading Joumey Travel Agency Balance Sheet (Label) Assets 2 3 4 5 Liabilities Stockholders Equity VILUL Alalance Sheet (Label) 1 Assets 2 5 Liabilities 8 Stockholders' Equity 30 11 12 13