Photo Gallery works weddings and prom-type parties. The balance of retained earnings was $10,000 at December 31, 2017. At December 31, 2018, the business's accouting records show these balances:

Here is the data table:

Requirements

Prepare the following financial statements for Photo Gallery for the year ended December 31, 2018:

A.) Income Statement

B.) Statement of Retained Earnings.

C.) Balance Sheet

Photo Gallery works weddings and prom-type parties. The balance of retained Prepare the following financial statements for Photo Gallery for the earnings was $10,000 at December 31, 2017. At December 31, 2018, the business's accounting records show these balances: ended December 31, 2018 a. Income statement. b. Statement of retained earnings (Click the icon to view the accounts ) c. Balance sheet. a. Prepare Photo Gallery's income statement. (If a box is not used in the table leave the box empty; do not select a label or enter a zero.) Net Income b. Prepare Photo Gallery's statement of retained earnings. Retained Earnings, December 31, 2017 hoose from any list or enter any number in the input fields and then continue to the next