PR 1-2B Financial statements O. 5 e amounts of the assets and liabilities of Wilderness Travel Service at April 30, 2018, the ts revenue and expenses for the year follow. The retained earnings were $1 at Alay i, 2017, the beginning of the year, and dividends of $10,000 were paid during the 1. Net income: Th of the year, and its 45 Accounts payable Accounts receivable Cash Common stock Fees earned Miscellaneous expense $ 25,000 210,000 146,000 35,000 875,000 15,000 Rent expense Supplies Supplies expense Taxes expense Utilities expense Wages expense $ 75,000 9,000 12,000 10,000 38,000 525,000 SMDW ME HOW EXCEL TEMPLATE Instructions 1. Prepare an income statement for the year ended April 30, 2018. 2. Prepare a retained earnings statement for the year ended April 30, 2018. 3. Prepare a balance sheet as of April 30, 2018 4. What item appears on both the income statement and retained earnings statement