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please show work or some work. Notes payable Prepaid insurance Interest expense Accounts payable Wages payable Cash Wages expense Insurance expense Common stock Retained earnings

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Notes payable Prepaid insurance Interest expense Accounts payable Wages payable Cash Wages expense Insurance expense Common stock Retained earnings Services revenue $ 31,000 4,500 900 11,500 2,400 50,000 9,500 3,800 26,000 118,800 120,000 Accumulated depreciation-Buildings Accounts receivable Utilities expense Interest payable Unearned revenue Supplies expense Buildings Dividends Depreciation expense-Buildings Supplies $ 35,000 8,000 3,300 900 1.800 600 240,000 13,000 12,000 1,800 Prepare the (1) Income statement and (2) statement of retained earnings for the year ended December 31 and (3) balance December 31. The Retained Earnings account balance was $118,800 on December 31 of the prior year Income Statement For Year Ended December 31 Services revenue $ 120,000 $ 900 9,500 Expenses Interest expense Wages expense Insurance expense Utilities expense Supplies expense Depreciation expense-Buildings 3,800 3,300 600 12.000 Total expenses 30.100 89.900 $ Net income Statement of Retained Earnings For Year Ended December 31 Retained earnings, Dec. 31 prior year end $ Add: Net income 118,800 89,900 208,700 13,000 195,700 Less: Dividends Retained earnings, Dec. 31 current year end S Cash $ Accounts receivable 50,000 8,000 1,800 4,500 Supplies Prepaid insurance Buildings Accumulated depreciation Buildings Total assets 240,000 35,000 205,000 $ 269,300 Liabilities 11,500 2,400 Accounts payable Wages payable Interest payable Unearned revenue Notes payable 900 1,800 31,000 Total liabilities 47,600 Equity Common stock 26,000

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