Prepare an income statement, statement of retained earnings and balance sheet for the year ended December 31.

Item	Amount
Accounts Payable	12,100
Accounts Receivable	58,000
Cash	13,700
Common Stock	7,000
Dividends	1,500
Interest Expense	700
Prepaid Expenses	1,600
Rent Expense	14,000
Retained Earnings	14,000
Salaries Expense	125,000
Salaries Payable	5,000
Sales Revenue	175,000
Unearned Revenue	1,400