Motor Cord, Inc., restores antique automobiles. The retained eamings balance of the corporation was $6,100 at December 31, 2017. During 2018, the corporation paid $20,000 in dividends to its stockholders. At December 31, 2018, the business's accounting records show these balances: (Click the icon to view the accounts.) Read the requirements, ( Requirement 1. Identify each amount shown as an asset, liability, or stockholders' equity. Type of Account Account Balance Type of Account 7,000 Cash ............ S S Accounts payable .... Advertising expense... Service revenue 4,000 3,000 Account Balance Accounts receivable.... $ $ 6,000 Note payable 19,000 Retained earnings ..... 2 Salaries expense ...... 17,000 Equipment ......... 78,000 Insurance expense 1,000 Utilities expense 1,900 Common stock 80,000 31,000 4,300 Rent expense ... Supplies ..... 1,900 Requirement 2a. Prepare the income statement for Motor Cord, Inc., for the year ended December 31, 2018. Start with the heading and then complete the rest of the statement (If a box is not used in the statement, leave the box empty; do not select a label or enter a zero.) Requirement 2a. Prepare the income statement for Motor Cord, Inc., for the year ended December 31, 2018. Start with the heading and then complete the rest of the statement. (If a box is not used in the statement, leave the box empty; do not select a label or enter a zero.) Revenue: Expenses: Total expenses Met inname Total expenses Net income Requirement 2b. Prepare the statement of retained earnings for Motor Cord, Inc., for the year ended December 31, 2018. Start with the heading and then complete the rest of the statement. Add: Subtotal Less: Requirement 2b. Prepare the statement of retained earnings for Motor Cord, Inc., for the year ended December 31, 2018. Start with the heading and then complete the rest of the statement. Add: Subtotal Less: Requirement 2c. Prepare the balance sheet for Motor Cord, Inc., at December 31, 2018. Start with the heading, then complete the asset portion of the statement, and finally, complete the liabilities and stockholders' equity sections of the statement. (If a box is not used in the statement, leave the box empty; do not select a label or enter a zero.) Requirement 2c. Prepare the balance sheet for Motor Cord, Inc., at December 31, 2018. Start with the heading, then complete the asset portion of the statement, and finally, complete the liabilities and stockholders' equity sections of the statement. (If a box is not used in the statement, leave the box empty; do not select a label or enter a zero.) Assets Liabilities Total liabilities Stockholders' Equity Total stockholders' equity Total assets Total liabilities and stockholders' equity Data table Accounts receivable 6,000 Cash $ 7,000 19,000 Accounts payable 4,000 ? Advertising expense 3,000 Note payable Retained earnings Salaries expense Equipment 17,000 Service revenue 80,000 78,000 Common stock 31,000 Insurance expense 1,000 Rent expense 4,300 Utilities expense 1,900 Supplies 1,900 Print Done