P1-42A (similar to) Question Help Presented here are the accounts of Golden City Barbershop for the year ended December 31, 2018 Requirements 1. Prepare Golden City's Barbershop's income statement. 2. Prepare the statement of retained earnings. 3. Prepare the balance sheet Click the icon to view the accounts.) Requirement 1. Prepare Golden City's Barbershop's income statement. i Data Table Land Notes Payable Property Tax Expense Dividends Rent Expense Salaries Expense Salaries Payable Service Revenue Office Supplies 2017 $31,000 10,000 1,000 11,000 201,900 3,000 20,000 2500 6,700 $ 6,000 Common Stock 28,000 Accounts Payable 2,700 Accounts Receivable 29,000 Advertising Expense 7,000 Building 60,000 Cash 800 Equipment 240,000 Insurance Expense 7,000 nterest Expense Retained Earnings, Dec. 31 48,000 Net Income Print Done