P2.2 (LO 1), AP These items are taken from the financial statements of Martin Corporation for 2025. Retained earnings (beginning of year) $31,000 Utilities expense Equipment Accounts payable Cash Salaries and wages payable Common stock Dividends Supplies 2,000 66,000 18,300 10,100 3,000 22,800 12,000 3,100 Debt investment (long-term) 5,700 Trademarks 2,000 Service revenue 68,000 Prepaid insurance 3,500 Maintenance and repairs expense 1,800 Depreciation expense 3,600 Accounts receivable 11,700 Insurance expense 2,200 Salaries and wages expense 37,000 Accumulated depreciation-equipment 17,600 Instructions Prepare an income statement, a retained earnings statement, and a classified balance sheet as of December 31, 2025. Net income Tot. assets $21,400 $84,500