please answer and provide a balance sheet thank you! Prepare a retained earnings statement for the year ending December $31,2025.$Prepare an income statement for the year ending December $31,2025.($Enter loss using either a negative sign preceding the number eg$.-45$ or parentheses eg$.(45).)$ KINGBIRD DESIGN Income Statement For the Year Ended December $31,2025$ Revenues Service Revenue $\backslash (\backslash$$ $\backslash )62700$ Expenses Salaries and Wages Expense Insurance Expense Interest Expense Depreciation Expense Supplies Expense Rent Expense Total Expenses Net Income $/($Loss$)\backslash (\backslash$$ $\backslash )50672003400400028716\backslash (\backslash$$ $33984\backslash )$Kingbird Design was founded by Thomas Grant in January $2016.$ Presented below is the adjusted trial balance as of December $\backslash (31,2025\backslash ).$ Kingbird Design Adjusted Trial Balance December $31,2025$ Debit $\backslash (\backslash$$ $12,200\backslash )22,7006,2003,70061,200$ Accumulated Depreciation$-$Equipment Accounts Payable Interest Payable Notes Payable Unearned Service Revenue Salaries and Wages Payable Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Insurance Expense Interest Expense Depreciation Expense Supplies Expense Rent Expense Credit $\backslash (\backslash$$ $36,200\backslash )6,2001565,2006,8001,56011,2004,70062,70012,5001,1105067,2003,4004,000\backslash (\backslash$$ $134,716\backslash )\backslash (\backslash$$ $134,716\backslash )$