On March 1, 2017, Laredo Auto Rental, Inc. was organized The following transactions occurred during April 2017: April 1 - The owner invested $200,000 in the company along with equipment that had a market value of $20,000 in exchange for common stock April 2- A company office and garage were located. The rent of $1.600 was paid for the month April 3 - Sbx cars were taken on a monthly lease that totaled $1 200 and was paid for April 4 - Fuel and other supplies for the month was purchased on credit. $3200 April 6 - Car rental fees of $18 200 were charged to customers and these were received April 8 - Office stationery worth $1,200 was bought on credit. This should be treated as an expense. (This amount is due on May 6.) April 9 - Miscellaneous expenses of $2.400 were paid April 12 - Land, near the airport, for a future permanent site to include an office and parking bays, was purchased from a savings and loan association by borrowing $150,000 on a note from that association. The loan is due to be repaid in three years. Interest payments are due at the end of each month beginning May 1. April 14 - Car rental fees of $12.600 were charged to customers. (This amount is due on May 10.) April 16 - Salaries of $4,000 for the month were paid April 18 - Utility charges of $1,000 for the month were paid April 24 - Car repairs of $1,800 were undertaken and paid to a local mechanic April 28 - A new computer system was leased for $600 (the bill will be paid on May 18) April 30 - A dividend payment of $1,200 was paid to the owner To answer the questions that follow, you will need to (a) prepare a summary of the above and post the transactions using t-accounts (b) prepare an income statement for the month of April 2017. and (c) prepare a balance sheet as of April 30, 2017 Based on the accounting problem, what are the Retained Earnings for Laredo Auto Rental on April 30, 2017? $150,000 $220,000 $155,000 $387,600 $12,600