Picture Gallery works weddings and prom-type parties. The balance of retained earnings was $20,000 at December 31, 2017. At December 31, 2018, the business's accounting records show these balances: (Click the icon to view the accounts.) Net Income Prepare the following financial statements for Picture Gallery for the year ended December 31, 2018: a. Income statement. b. Statement of retained earnings. Balance sheet. a. Prepare Picture 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.) b. Prepare Picture Gallery's statement of retained earnings. C. Data table Insurance Expense Cash Accounts Payable Advertising Expense Service Revenue Dividends $ 11,000 37,000 8,000 3,500 100,000 15,000 Print Accounts Receivable Notes Payable Retained Earnings, Dec. 31, 2018 Salaries Expense Equipment Common Stock Done $ 14,000 9,000 26,000 63,500 33,000

Picture Gallary works weddings and prom-type parties. The balance of retained earnings was $20,000 at December 31,2017 . A December 31 2018, the business's accounting rocords show these bolances: Prepare the following fonancial statoments for Picture Golery for the year ended December 31, 2018 a. Income statement. b. Statement of retained earnings. c. Balance sheot a. Prepare Picture Galterys income statement, af a bok is not used in the table leave the box ompty; do not select a label of enter a zero.) Data table b. Propare Picture Gallery's statement of retained earnings. Picture Gallery works weddings and prom-type partes. The bslance of retained earnings was $20,000 at December 31, 2017. At Docember 31, 2018. the business's accoumting fecords show these balances? (Click the ican to view the accounts) Propare the following financial statements for Picture Gallery for the year ended December 31,2018 a. income statement b. Statement of rotained earnings: c. Balance sheet. a. Prepare Picture Galery's income statement. of a box is not used in the table leave the box empty; do not sulect a label or anter a zero.) Data table b. Prepare Picture Galery/s statement of retained earnings