Owen, Inc., restores antique automobiles. The retained earnings balance of the corporation was $46,400 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. Account Accounts receivable Balance Type of Account Account Balance Type of Account $ 15,000 Cash. $ 13,000 Note payable.... Retained earnings 10,000 ? Accounts payable 8,000 Advertising expense 1,000 Salaries expense 21,000 Service revenue 62,000 Equipment. 78,000 Common stock 33,000 Insurance expense 4,000 Rent expense 4,400 Utilities expense 1,800 Supplies.. 1,200 Data table Accounts receivable $ 15,000 Cash $ 13,000 Note payable.. 10,000 Accounts payable.. 8,000 Retained earnings. ? Advertising expense 1,000 Salaries expense 21,000 Service revenue 62,000 Equipment.. 78,000 Common stock 33,000 Insurance expense 4,000 Rent expense 4,400 Utilities expense 1,800 Supplies 1,200 Print Done - Requirements 1. Identify each amount shown as an asset, liability, or stockholders' equity. Prepare the following financial statements for Owen, Inc.: 2. a. Income statement for the year ended December 31, 2018 b. Statement of retained earnings for the year ended December 31, 2018 c. Balance sheet at December 31, 2018 Print Done -