Please help me prepare an income statement, statement of retained earnings and a balance sheet for Palmer Corp. thanks.

ACCT 2010 FALL 2017-Chapter 1 THE PREPARATION OF FINANCIAL STATEMENTS Due: Palmer Corporation finished its 3rd year of operations on 12/31/2016. At the beginning of the year (January 1, 2016), Palmer Corporation had a Retained Earnings Balance of $22,000. During 2016, Palmer Corporation paid S5,000 in dividends In addition, the following balances existed for Palmer Corporation at the end of the year of 2016 (December 31, 2016): $98,000 Service Revenue $32,600 4,000 Land Cash Rent Expense 6,000 Supplies Common Stock 74,000 Advertising Expense 500 11,000 4,000 2,000 Accounts Receivable 10,000 Salaries Expense Accounts Payable Wages Payable 100 Required: Use the above information to prepare: (1)An Income Statement ( A Saiance sSheet for Pame Corporation for the year 2010. (3) A Balance Sheet for Palmer Corporation for the year 2016. You can prepare these statements "by hand" (please write neatly) or prepare them using WORD or EXCEL (must print your work to submit in class). NOTE: Use proper headings on all statements and label all #'s Use Pages 22-23 from the text as a model for your set of statements Late work is not accepted. If you cannot submit your work in class on the due date, you can email your work as an attachment PRIOR to the start of class on the due date Cluck WI 15, 100 T 15 112, Ibo Palmer Corporation Trial Balance 12/31/16 Account Balance Debit Credit $4,000 $100 10,000 $ 98,000 Cash Supplies Accounts Receivable Land Accounts Payable Wages Payable Common Stock Retained Earnings Dividends Service Revenue Rent Expense Advertising Expense $ 500 Salaries Expense 11,000 Total $4,000 $2,000 $74,000 $22,000 $5,000 $32,600 $ 6,000 134,600 134,600