MAL HW #1 [Ch. 1] Fall 2019 6 of 14 (5 completo) e parties. The balance of retained earnings was $24,000 at December accounting records show these balances: Prepare the following financial statements for Life Photography for the year a. Income statement. b. Statement of retained earnings C. Balance sheet. ment. (if a box is not used in the table leave the box empty, do not enter a label or a zero. Check your spelling carefully and do not abbreviate. When applicable De Photography come Siement | ded December 31, 2012 Data Table Insurance Expense Cash $ 15,000 9.000 Accounts Payable Advertising Expense Service Revenue 000 34000 4,000 2.000 70.000 15000 Accounts Receivable Notes Payable Retained Earnings. Dec 31, 2018 Salaries Expense Eument Common Stock 29,000 35.000 Print Done donck Check Answer more: 0 of 20 pts 6 of 14 (5 completo) HW Score: 8.5 1-43A (open response) Lite Photography works weddings and prom-type parties. The balance of retained earnings was $24,000 at December 31, 2017. A December 31, 2018, the business's accounting records show these balances the loon to view the accounts.) Prepare the following financial statements for Life Photography for the year ended December 31, 2018 a. Income statement b. Statement of retained earnings c. Balance sheet a. Prepare Life Photography's income Matement of a box is not used in the table leave the box emply do not for a labelor acero Check your speling carefully and do not abbreviate. When applicable use only the account nam the problem statement) Life Photography Choose from any store any number OCR Chock Anwe 2 Check Anwar Search Default alwER W