P2-2A These items are taken from the financial statements of Martin Corporation for 2017 Retained earnings (beginning of year) Utilities expense Equipment Accounts payable Cash Salaries and wages payable Common stock Dividends $31,000 2,000 66,000 18,300 10,100 3,000 12,000 12,000 Service revenue Prepaid insurance Maintenance and repairs expense Depreciation expense Accounts receivable Insurance expense Salaries and wages expense Accumulated depreciation-equipment 68,000 3,500 1,800 3,600 11,700 2,200 37,000 17,600 Instructions Prepare an income statement, a retained earnings statement, and a classified balance sheet as of December 31, 2017 Net income Tot. assets $21,400 $73,700