M Connect apter 105) Following is a list of financial statement items and amounts for Vantage Service as of 12/31/Year 1, the end of its first year in operation Accounts Receivable Accounts Payable Cash Common Stock Notes Payable Equipment Sales Revenue Fuel Expense Rent Expense Advertising Expense Salaries and Wages Expense Retained Earnings Dividends $ 41,400 31,400 10, 140 21,400 10,280 50, 700 107,000 10,140 11,300 5,140 21,400 ? 19,860 Required: 1. Prepare the income Statement for the year ended December 31, Year 1. 2. Prepare the statement of retained earnings for the year ended December 31, Year 1 3. Prepare the balance sheet for the year ended December 31, Year 1. Complete this question by entering your answers in the tabs below. Required Required Required 3 Prepare the Income Statement for the year ended December 31, Year 1. VANTAGE SERVICE Income Statement For the Year Ended December 31, Year Revenues: Total Revenues Expenses : Total Expenses Required 2 >