Mahomes Company reported the following data at the end of its first year of operations on December 31 (a) Prepare its year-end statement of retained earnings. Hint. Retained Earnings on January 1 was $0. (b) Prepare its year-end balance sheet, using retained earnings calculated in part a. Complete this question by entering your answers in the tabs below. Prepare its year-end statement of retained earnings. Hint: Retained earnings on January 1 was $0. (a) Prepare its year-end statement of retained earnings. Hint: Retained Earnings on January 1 was (b) Prepare its year-end balance sheet, using retained earnings calculated in part a. Complete this question by entering your answers in the tabs below. Prepare its year-end balance sheet, using retained earnings calculated in part a